What steps can the Indian government take to boost the aviation industry
IATA believes that India has the right vision for the aviation industry, but warns that high taxes could hinder growth.
- Reducing taxes: The high taxes on aviation fuel and passenger tickets can hinder growth, and reducing these taxes would help make flying more affordable and increase demand.
- Infrastructure development: Improving runways, terminals, and other airport infrastructure can help attract more airlines and passengers to India.
- Encouraging foreign investment: Encouraging foreign investment in the aviation industry can help bring in new technology and expertise, as well as provide funding for expansion.
- Streamlining regulations: Simplifying regulations and approval processes can help speed up expansion plans by airlines and airports, and make it easier for them to operate.
- Providing more incentives: Offering additional incentives, such as lower fees for airlines operating in less popular routes or offering tax breaks for airlines that use Indian-built aircraft, can help promote growth and innovation in the industry.
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a year ago