Economic Survey 2018

India is the third largest and the fastest growing domestic aviation market in the world in terms of number of domestic traffic, said the 2017-18 Economic Survey, which was tabled in the Parliament.

In this survey Indian domestic passenger traffic grew by 23.5 per cent in 2016-17, as compared to 3.3 % in the US and 10.7% in China.  From 2007-08 to 2016-17, the domestic passenger traffic growth by a compound annual growth rate of 9.89 per cent.

In 2017-18 domestic air passenger was 57.5 million with a growth rate of 16 %, with a growth rate of 16 % over the corresponding previous year period. Indian and foreign carriers flown 29.2 million passengers to and from India, and showed a growth rate of 9 % in 2017-18 (April – September) over the corresponding previous year period,” according the Survey.

The cargo segment also grew handsomely in the 2017-18. The domestic air cargo handled was 0.61 million metric tons, a growth of 10.27 per cent over the corresponding last year. International air cargo grew by 19% to 1.07 million metric tons.

The 18 new airports include those in Mopa in Goa, Navi Mumbai, Shirdi and Sindhudurg in Maharashtra, Bijapur, Gulbarga, Hasan and Shimoga in Karnataka and Kannur in Kerala. Apart from these, the Government has granted “site clearance” for five greenfield airports: Machiwara in Punjab, Itanagar in Arunachal Pradesh, Jamshedpur in Jharkhand, Alwar in Rajasthan and Kothagudem in Telangana.

Indian Government has allotted Rs 4,500 crore for revival of 50 old airports/airstrips. These will be completed by December 2018. But the Survey added that the “revival of airstrips/airports will be ‘demand driven’, depending upon firm commitment from airline operators a well as from the state governments.”

Due to the incredible growth in aviation sector Indian airlines are ordering thousand of new aircrafts to handle these aircrafts aviation industry requires technical and trained professionals. There is huge demand of Aircraft Maintenance Engineers (AME), Pilots and crew members.

Aircraft Maintenance Engineers are responsible for safety, security and maintenance of an aircraft. There is huge demand of AME in India.

 

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