1, March, 2024
HomeIndiaBudget 2024 Unveils Transformative Growth in Indian Aviation: Key Highlights

Budget 2024 Unveils Transformative Growth in Indian Aviation: Key Highlights

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In the latest budget announcement, Finance Minister Nirmala Sitharaman highlighted significant strides in the Indian aviation sector over the past decade, marking a momentous achievement with the number of airports doubling to 114.

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New Delhi: The recently presented interim budget by Union Finance Minister Nirmala Sitharaman showcased a robust plan for the continued expansion of existing airports and the rapid development of new ones across the country. Sitharaman emphasized that the number of airports in India has now reached an impressive 149, demonstrating the sector’s remarkable growth.

One of the major announcements included the inauguration of 517 new routes, facilitating the seamless travel of 1.3 million passengers. Sitharaman further disclosed that Indian carriers have proactively placed orders for over 1,000 new aircraft, underscoring the dynamic evolution of the aviation industry.

“The aviation sector has undergone remarkable transformation in the last decade, witnessing a substantial increase in the number of airports, now totaling 114,” stated the Finance Minister. She reiterated the government’s commitment to the swift expansion of existing airports and the continued establishment of new ones to meet the growing demands of air travel.

Highlighting the connection between a burgeoning middle class and rapid urbanization, Sitharaman identified Metro rail and Namo Bharat as catalysts for essential urban transformation. The budget also expressed strong support for the expansion of these transit systems in large cities, with a specific focus on transit-oriented development.

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The 2024 budget reflects a forward-looking approach, acknowledging the pivotal role of the aviation sector in India’s economic development. The Finance Minister’s announcements signal a commitment to sustained growth and innovation, setting the stage for a transformative journey in the country’s aviation landscape.

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