Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.5
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

RCS-Udan to give wings to civil aviation sector: Economic Survey

Author: IANS/Tuesday, January 30, 2018/Categories: Economy

RCS-Udan to give wings to civil aviation sector: Economic Survey

New Delhi - The Economic Survey 2017-18 tabled in Parliament cited the regional connectivity scheme -- Ude Desh ka Aam Naagrik -- (RCS-UDAN) as one of the important initiatives taken to spur the growth of the civil aviation sector.

"This is a first-of-its-kind scheme globally to stimulate regional connectivity through a market based mechanism," the survey said. 

"... 27 states, UTs have already signed MoUs with the central government under RCS-UDAN. Many private sector airlines are actively participating under this scheme."

According to the survey presented by Finance Minister Arun Jaitley in Parliament, other initiatives like revival of 50 unserved and underserved airports, setting-up of 18 greenfield airports and liberalisation of air services will lift the growth rate of the sector.

The survey added that India is currently the third largest and the fastest growing domestic aviation market in the world in terms of the number of domestic tickets sold.

"In 2016-17, annual growth in domestic passenger departures was 23.5% as compared to 3.3% in the US and 10.7% in China," the survey said.

"Domestic passenger traffic registered a compound annual growth rate (CAGR) of 9.89% during 2007-08 to 2016-17. In 2017-18 (April - September), domestic airlines carried 57.5 million passengers, with a growth rate of 16% over the corresponding previous year period."

"Scheduled Indian and foreign carriers carried 29.2 million passengers to and from India, and showed a growth rate of 9% in 2017-18 (April -September) over the corresponding previous year period."

Print Rate this article:
No rating

Number of views (127)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free