Economic Survey 2024: Enhancing Indian Airlines for International Travel
Monday, 22 July 2024, 12:50
Economic Survey 2024 Highlights
The Economic Survey 2024 presents critical insights into the Indian aviation sector, emphasizing the need for strengthening airlines to better serve international travelers.
Airport Capacity Expansion
- The number of airports has doubled from 70 to over 140 since 2014.
- There is a pressing need for the upgradation and expansion of existing facilities in the next 5 years.
- India possesses a large untapped market that can be exploited with adequate infrastructure.
Funding and Development Strategies
- Strategic government funding is crucial to support these initiatives.
- Recommendations are made for the Union Budget of India to allocate resources effectively.
- International competitiveness is key for sustaining growth in the aviation sector.
Conclusion
In conclusion, the Economic Survey urges the government to prioritize investments in the aviation sector to strengthen Indian airlines and ensure they remain competitive in the global market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.