Finance, Forex and Investments

How India's improving economy have effected the development of the aviation industry?

Public Comments

1. The aviation industry has benefitted due to the following reasons: 1. People have more money in hand thus more people travel by air. 2. More goods are also transported by air. 3. Development in economy means more contruction of runways, airports, etc. thus more planes can fly. 4. Due to the improving industries, more and more foreign companies have invested. The owners of these companies, the emplooyes, etc also travel by air. 5. The MNCs have also started a few new airlines. 6. Due to cut throat competition, the fares have really gone down. 7. Better quality of fuel is available for the planes as now India can afford more expensive oil. Adverse Affects: 1. The demand for air staff and pilots has suddenly gone up, as a result, the airlines are compromising with the staff. 2. The infrastructure is not as developed as the aviation industry. There is shortage of good airports, runways, etc. This leads to inconvenience. 3. The introduction of untrained or poorly educated staff has caused a problem. The services have gone down in a few airlines. Hope this is of some help. Do let me know! All the very best!