Indian aviation to impact GDP by 9% in 2040

CAPA’s report titled, ‘Indian Civil Aviation—The USD250 billion Investment Opportunity’, stated that the investments and economic impact growth of Civil Aviation is estimated to continue to outperform GDP growth through 2040. The industry’s economic impact is estimated to have increased from less than 1 per cent of GDP in 2003 to almost 7 per cent of GDP in 2018. It is projected to increase to almost 9 per cent of GDP, or USD1.1 trillion by 2040. The report states that civil aviation has a multiplier effect on the economy through direct, indirect, induced impact. The comprehensive scale and potential of the industry is yet to be covered in totality which prompted.