With 6 percent upsurge of civil aircraft demand by Boeing, the aviation sector is on the track of a mega development. On calculation, it goes up to 1850 in the upcoming 20 years. Undoubtedly, it is a promising industry for job seekers and for investors as well.
Today, Aviation is one of the most appealing, fast-moving, and innovative sectors. From early Benoist XIV to the modern Airbuses and Boeings, it has undergone a radical transformation since the beginnings days. Nowadays, people imagine for the future of this aviation industry. They picture the Aviation future with concepts like low-volume Supersonic Aircraft and Electric Aircraft. Apart from these fantasies, it has been a hotspot for job opportunities among youths. Perhaps, it is the reason Aeronautical engineering admission and other such professional course admissions have been in high demand.
However, what exactly the aviation industry will be like? What are the present aspects that might shape up the future in India as well as in the world of this prominent sector? Hopefully, you will find some hints in this article.
Factors shaping up the future
Good connectivity will play a major role
This industry still lacks a good connectivity. More or less, the business revolves around metropolitan cities. The 5 planned industrial corridors will be requiring a better connectivity. Without it, big industrialist would hesitate in even visiting the site. The middle is rapidly developing. With a better connectivity, they will prioritize their time over the price and will travel through the air route. Also, when India is becoming a hub for medical facilities in the world, a better connectivity will bring more International patients to the world class Indian hospitals.
NCAP as a better policy
The new NCAP (National Civil Aviation Policy) is a praiseworthy initiative of the Ministry of Civil Aviation. It is still not perfect, but it has come out after a long wait of 10 years, but it seems a decent one. Also, the policy is flexible for future modifications.
Role of various imposed charges
As you know, Airlines have to finance themselves. The Airport Authority of India charges a very high taxes and fees. It forms more than half price of the ticket that the Airlines sell to the travellers. It has to be reasonable, so the public enjoys affordable airfares.
Bullet train- an unnecessary project
For the government, Bullet train has been a trophy project. They have spent around Rs 1 lakh crore alone in land acquisition. It will be better if they had purchased few commercial aircraft with more than 500 seats, and introduced them to the locations to origin and destination point of the bullet train with some subsidies.
Improvement of aviation-based manufacturing
India has achieved well in space and automobile industry but still lags behind in aviation-based manufacturing. Even for MRO (Maintenance Repair and Overhaul) services, Indian airlines go abroad. The current government policies are also somewhat responsible for it. There must be some serious steps taken for the improvement of this sector. Also, there should be a promotion for aviation related technical courses like Aeronautical engineering admission. It will create better human resources within the country.
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