India’s aviation industry is expected to experience a much significant take-off. A trillion-dollar economy steadfast towards more growth and investment, it is eventually planning to expand its network and infrastructure. This move is facilitated by the much-anticipated surge in demand for air travel by a considerably large number of people.
Investment in Aviation Industry
India is stirring forward to witness a huge amount of investments in the aviation industry. As per media reports, the national capital has an outlay plan of Rs 98,000 crore to modernize old and construct new greenfield airports by 2025. The number of airports has also witnessed a significant rise from 74 in 2014 to 148 in 2024. Overall expenditure may incur costs of up to 12 billion dollars in the following two years.
Greenfield airports are a new addition to the existing conventional airports. This is indicative of a sustainable development endeavor wherein infrastructure is incorporated besides shielding the environment to the least extent.
Better and fuss-free transportation facilities have always been looked upon as a benchmark of development in any nation. Undoubtedly, it includes people at large. Air travel brings with it an equal amount of urgency and cuts short time by transporting individuals from one city to another.
Work in terminals and moderation of existing ones along with the introduction of newer facilities will enable air travel to be more interesting, optimal, and preferable by a large section of people. Investments are sure to be brought about from both private and public sectors with the former bearing almost around 9 billion dollars followed by the investment by the latter. This also brings an increase in the number of aircraft from various firms. Besides, an increase in airlines will ensure wider connectivity to various cities worldwide. It provides a good option to promote travel and tourism.
Enhancing the infrastructure build-up of the aviation sector will put the country on the global map. Already having prior recognition as the third fastest-growing aviation sector in the world it might have a great probability to do justice in boosting the economy.
However, infrastructure build-up arrives with its fair share of hindrances. Land acquisition and financial matters, adaptability, and establishment of adequate infrastructure facilities. Many times development projects come at the cost of displacing people and their residences nearby the sites of construction.
Thus, it can be easily inferred that putting up the country’s image brightly on the global map should not come at the cost of displacing livelihoods or causing distress around the vicinity. The flight of development ought to take off with a positive and holistic impact.
