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India has become the third-largest domestic aviation market in the world. According to the International Air Transport Association (IATA), by the year 2030, India is expected to overtake China and the United States as the world's third-largest air passenger market. The Indian civil aviation industry has experienced rapid growth over the past three years and it is expected to grow rapidly in the coming years, driven by a number of factors, including a growing middles class, a rising number of business travellers, and the government imitative to develop the aviation infrastructure across India as the airport capacity in India is expected to handle 1 billion trips annually by 2023. This paper analyses the Indian aviation industry, micro and macro environment ,opportunities and challenges faced by the airlines companies in India.
Dr Amulya M - (2024) studied this question.