CAPA India forecasts that in a medium scenario, India will achieve 20 million Foreign Tourist Arrivals by air by 2031 and to achieve this, Indian carriers will need to increase seat capacity almost 4x, and foreign carriers almost 3x for India to achieve the 20 million FTA target. The recent CAPA India Research and Analysis has also concluded that, air access will remain a key strategic barrier to achieving the target. The bilateral policy settings need to be aligned with the tourism targets and a viable and profitable aviation industry needs to exist.