Air Passenger Traffic To Touch 40 Crore By 2023-24: Jyotiraditya Scindia
As many as 3.82 lakh passengers undertook air travel daily in the last seven days, giving hopes of revival of the sector scarred by Covid-19, Civil Aviation Minister Jyotiraditya Scindia said on Wednesday as he set a target of nearly tripling total passenger traffic by 2023-24 to 40 crore.
Mr Scindia further said that at a time when the airline industry world over is facing turbulence, two new airlines, Jet and Akasa, will soon launch their services.
Replying to the discussion on Demands for Grants (2022-23) for his ministry in Lok Sabha, the minister said that the government has brought about a paradigm shift, a structural change in the sector in the last two years and it will focus on inclusion, access and affordability to increase demand among common man.
The total number of passenger travelled increased from 6.70 crore in 2013-14 to 14.50 crore in 2018-19. The number of planes too increased from 400 from 2013-14 to 710 by 2018-19.
As per the Directorate General of Civil Aviation (DGCA) data, 8.38 crore people travelled on domestic flights in 2021, as compared to 6.3 crore in 2020 - the year which saw the outbreak of Covid-19.
Mr Scindia said the aviation sector started to look up post the second Covid wave and the number of air travellers in the country increased to 3.90 lakh per day in November 2021, compared to 4.15 lakh per day in pre-Covid times.
"But, due to Omicron it came down 1.60 lakh per day. I am happy to report that in last seven days we are again back to 3.82 lakh per day. There is a hope of revival and based on that we expect that by 2023-24 we will take the number of 40 crore," he said.
Till 2014, there were 74 airports in the country and in the last seven years, 66 new airports were added. So, the total number of airports in the country now stands at 140.
"Our resolve is to take this number up to 220 by 2025," Mr Scindia informed.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
