India, Jan. 4 -- New Delhi :The success of the global aviation sector now hinges on Asia and India occupies a prime spot in it. As more and more Asian economies are creating affluent middle classes, the aviation sector is gearing to welcome millions of them on board. The civil aviation industry in India has emerged as one of the fastest growing industries in the country during the last three years. India is currently considered the third largest domestic civil aviation market in the world and is expected to overtake United Kingdom to become the third largest air passenger market by 2024.

India's aviation industry is largely untapped with huge growth opportunities, considering that air transport is still expensive for majority of the coun...