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The Indian aviation sector ranks as the world's third-largest air passenger market, growing at an annual rate of 8.7%. However, only 6.5% of Indians hold valid passports, making it one of the most under-penetrated aviation markets globally. The sector offers vast potential across specific areas, including airlines, where new groups are consolidating operations. Opportunities also exist in aircraft financing and leasing, maintenance, repair, and operations (MRO), and airport infrastructure development. With the industry set for growth, there is a notable shift towards sustainability. Recently, the Delhi Declaration - unanimously adopted by 29 APAC nations - emphasised the need for an environmentally sustainable future in air travel.
India's aviation sector experiences rapid growth, fuelled by increasing passenger demand, economic mobility, and forward-thinking policies. This expansion creates vast opportunities in airlines, airports, and services, positioning the industry for sustained development.
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The city has been developed on a multi-service special economic zone (SEZ) and provides various direct and indirect tax benefits.
