India is the 3rd largest civil aviation market in terms of domestic traffic.
Indian Aviation, flying high India remained the fastest growing domestic Aviation market in the world in 2017. India has 86 scheduled international airlines comprising of 5 Indian carriers and 81 foreign carriers, which ensure that India is well connected with most major countries.
Revenue passenger kilometer (RPK) in domestic airline demand rose by 18.7% in 2017-18. Indian carriers reported a combined profit of $ 122 mn in 2015-16. India aims to become the third-largest aviation market globally by 2020 Indian carriers plan to increase their fleet size to 800 aircraft by 2020 Freight traffic on Indian airports is expected to cross 11.4 MT by 2032 Government agencies projects requirement of around 250 brownfield and green-field airports by 2020 India has been projected to be the second fastest growing country in the world for passenger traffic by the Airports Council International (ACI) in its traffic forecasts between 2017-40. Up to 100% FDI is permitted in Non-scheduled air transport services under the automatic route.
Up to 100% FDI is permitted in helicopter services and seaplanes under the automatic route. Up to 100% FDI is permitted in MRO for maintenance and repair organizations; flying training institutes; and technical training institutes under the automatic route. Up to 100% FDI is permitted in Ground Handling Services subject to sectoral regulations & security clearance under the automatic route.