New Delhi, Oct. 17 -- To boost demand and growth in India's economy that is facing a slowdown, several sector-specific measures have been announced by the government: recapitalising state-owned banks, automobiles, micro, small and medium enterprises and affordable housing. Civil aviation is another important sector deserving policy attention as it is an important engine of growth. According to estimates, civil aviation has output and employment multipliers of 3.25 and 6.10: investment of INR100 in air transport boosts overall output by INR 325. Hundred direct jobs in air transport generate 610 additional jobs.
India may be one of the fastest-growing domestic air travel markets globally but the state of the civil aviation industry is far fr...