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Ministry of Civil Aviation releases Vision 2040 PDF

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Ministry of Civil Aviation releases Vision 2040 PDF

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  1. Ministry of Civil Aviation releases Vision 2040 document You can also follow me for updates and pdf :- Instagram:- vironika_om Facebook:- m.facebook.com/vironika om

  2. Relevance • Mains Paper 3: Economy | Infrastructure: Energy,  Ports, Roads, Airports, Railways etc. • Objective level: Aviation related stats • Subjective level: The potential of the aviation sector  and dealing with various issues associated with it

  3. Why in News? • The Ministry of Civil Aviation has unveiled the  Vision 2040 document, which highlights the  growth potential in different sub-sectors of  Indian aviation and the key action steps are  required to be taken to achieve the desired  objective.

  4. Indian Aviation • Increase in passenger traffic • India is now the seventh largest aviation market • Cargo Traffic in future. • Indian Aviation is witnessing great switchover  from Railways • Manufacturing

  5. Highlights of Vision 2040 • As per the document the total passenger traffic (to, from and  within India) in India is expected to rise nearly six-fold from 187  million in FY 2018 to around 1124 million in FY 2040. • This includes around 821 million domestic passengers and  around 303 million international passengers (to and from India). • The overall CAGR (compound annual growth rate) works out to  around 9% in domestic and 7% in international traffic during FY  2018-2040.

  6. Long-term plan • Rather than having five-year plans, the  document talks about India having a robust  20-year plan that lays out the targets and the  path to get there along with time lines and  clear accountability.

  7. • High growth path • Various Initiatives

  8. Suggestions for policy reforms • Nabh Nirman Fund (NNF)  • Changes in tax structure • DGCA may be converted into a fully- independent Civil Aviation Authority, 

  9. Challenges • Infrastructure related problems • Poor Financial Health of Indian Airlines • Air Safety and Security is another challenge. • Absence of Maintenance and Repair Organizations (MRO) in India. • Not much improvement in Cargo Traffic

  10. Way Forward • Involvement of as many as agencies, possible,  is required for building Infrastructure and thus  boosting Aviation Sector. • The Central Government and the State Governments should make a concerted effort,  for this sector to grow at a good pace.

  11. THANK YOU..! Contact:- Email: Vironika.studyiq@gmail.com Instagram :- vironika_om Facebook: :- m.facebook.com/vironikaom Telegram channel : t.me/vironika_om

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