Ministry of Civil Aviation releases Vision 2040 document
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Relevance • Mains Paper 3: Economy | Infrastructure: Energy, Ports, Roads, Airports, Railways etc. • Objective level: Aviation related stats • Subjective level: The potential of the aviation sector and dealing with various issues associated with it
Why in News? • The Ministry of Civil Aviation has unveiled the Vision 2040 document, which highlights the growth potential in different sub-sectors of Indian aviation and the key action steps are required to be taken to achieve the desired objective.
Indian Aviation
• • • •
Increase in passenger traffic India is now the seventh largest aviation market Cargo Traffic in future. Indian Aviation is witnessing great switchover from Railways • Manufacturing
Highlights of Vision 2040 • As per the document the total passenger traffic (to, from and within India) in India is expected to rise nearly six-fold from 187 million in FY 2018 to around 1124 million in FY 2040. • This includes around 821 million domestic passengers and around 303 million international passengers (to and from India). • The overall CAGR (compound annual growth rate) works out to around 9% in domestic and 7% in international traffic during FY 2018-2040.
 Long-term plan • Rather than having five-year plans, the document talks about India having a robust 20-year plan that lays out the targets and the path to get there along with time lines and clear accountability.
• High growth path
• Various Initiatives
Suggestions for policy reforms • Nabh Nirman Fund (NNF) • Changes in tax structure • DGCA may be converted into a fullyindependent Civil Aviation Authority,
Challenges
• • • •
Infrastructure related problems Poor Financial Health of Indian Airlines Air Safety and Security is another challenge. Absence of Maintenance and Repair Organizations (MRO) in India. • Not much improvement in Cargo Traffic
Way Forward
• Involvement of as many as agencies, possible, is required for building Infrastructure and thus boosting Aviation Sector. • The Central Government and the State Governments should make a concerted effort, for this sector to grow at a good pace.
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