$250-Bn industry by 2025

If certain policy measures are undertaken in a time-bound manner, the domestic aviation industry has the potential to grow from its current level of $23-25 billion to $250 billion by 2025. Measures like: 1. removing the 5/20 clause, 2. better regulatory framework like simplifying route-disbursement-guidelines, 3. reducing fuel taxes, and investment in airport infrastructure, as necessary to give a fillip to the aviation industry. Such measures would lead the domestic air traffic to increase three-fold and contribute up to 5% of the country’s GDP. The industry would have the potential to generate employment for more than 2.3 million people.