If we talk about the industry’s growth rate, then the aviation industry is the fastest growing industry all over the world. There has been a tremendous growth rate of 18% in this industry in a few years. There have been particular policies that are made in this sector in the past years.
There are many reasons that are responsible for the popularity of the aviation industry at such a high rate.
- Future scope
As we all know, almost all industries work based on the idea regarding the future scope. After the complete research and analysis, it has been observed that there are chances that in the near future, there will be more growth in this sector.
- Low-cost carriers
This is another reason that is responsible for the growth of the aviation industry. The fees that are charged by these industries are low so that a person can easily bear the cost.
- Indian policies
There have been some particular policies related to aviation industries that will encourage the participation of foreigners in the industry. For example, as per the policies, around 49% of FDI is allowed to invest in domestic airlines.
Foreign direct investment upto 74% will be allowed to the scheduled caste and scheduled tribe. This will increase the foreign investment in the country; as a result, there will be overall growth of the country.
Not only this are the reasons that are responsible for the growth of the aviation industry, but there are some other reasons also about which you can get the detail online on various platforms. There are various companies that are providing such kind of services, out of them the best one is the Zeroavia as this is the company that provides the maximum rate of employment to the people.