Open AccessThe Influence of FDI with GDP its Impact of FDI in Civil Aviation Sector in India
Author(s) -
G. Kalpana
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.b1124.0982s1019
Subject(s) - civil aviation , aviation , business , foreign direct investment , government (linguistics) , gross domestic product , descriptive statistics , engineering , economic growth , economics , linguistics , philosophy , statistics , mathematics , macroeconomics , aerospace engineering
The Civil Aviation Sector in India includes Airports, Scheduled and Non-Scheduled, Domestic Passenger Airlines Helicopter Services, Ground Handling Services, Maintenance and Repair Organizations, Flying Training Institutes and Technical Training Institutions. The government has issued the National Civil Aviation Policy on 2016. The Civil Aviation Sector currently contributes $72 billion to Gross Domestic Product. The National Civil Aviation Policy covers the policy areas such as Regional Connectivity, Safety, Air Transport Operation, 5/20 requirement for International Operations, Bilateral Traffic Rights, Fiscal Support, Maintenance, Repair and Overhaul, Air Cargo, Aeronautical ‘Make In India’. The Central Government announces that the foreign airlines now will be allowed to invest in domestic airlines up to 49 percent. The researcher has to study the impact of FDI Inflows in Aviation Sector in India and Annual Growth Rate of FDI Inflows in Aviation Sector in India. FDI is necessary for all stakeholders and partners to work together to maximize the benefits of air transport, and to support the sustainable growth of aviation by connecting more people and more places. Aviation has continued to expand. It has weathered crises and confirmed long-term resilience, becoming a crucial means of transport. Historically, air transport has doubled in size every 15 years and has grown earlier than most other industries. The researcher has used Statistical Tools such as, Trend Analysis, Descriptive Analysis, and Regression. The present study covers period of ten years taking from 2009-10 to 2018-19. The research paper concludes the positive growth and positive impact of FDI in Aviation Sector