Increased demand for private aviation in India’s burgeoning economy has made the case for reforming the sector’s regulatory structure even more urgent, according to industry leaders who gathered for the annual conference of the country’s Business Aviation Operators Association (BAOA) in Delhi held in March. Speakers highlighted key challenges as including unhelpful tax rules that impede progress, a lack of regulation for new services such as fractional ownership, and inadequate provision for training, pilot recruitment, and maintenance.
At face value, India’s business aviation market should be booming, based on an impressive economic growth trajectory that the International Monetary Fund expects to see GDP exceeding Japan’s $4.4 trillion by year-end. On that basis, it is set to overtake Germany in 2027 to become the world’s third-largest economy.
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