The Influence of FDI with GDP its Impact of FDI in Civil Aviation Sector in India
A. Muthusamy1, G. Kalpana2
1Dr. A. Muthusamy, Professor, Department of International Business, Alagappa University, Karaikudi (Tamil Nadu), India.
2G. Kalpana, Research Scholar, Department of Commerce, Alagappa University, Karaikudi (Tamil Nadu), India.
Manuscript received on 20 September 2019 | Revised Manuscript received on 06 October 2019 | Manuscript Published on 11 October 2019 | PP: 699-704 | Volume-8 Issue-2S10 September 2019 | Retrieval Number: B11240982S1019/2019©BEIESP | DOI: 10.35940/ijrte.B1124.0982S1019
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The Civil Aviation Sector in India includes Airports, Scheduled and Non-Scheduled, Domestic Passenger Airlines Helicopter Services, Ground Handling Services, Maintenance and Repair Organizations, Flying Training Institutes and Technical Training Institutions. The government has issued the National Civil Aviation Policy on 2016. The Civil Aviation Sector currently contributes $72 billion to Gross Domestic Product. The National Civil Aviation Policy covers the policy areas such as Regional Connectivity, Safety, Air Transport Operation, 5/20 requirement for International Operations, Bilateral Traffic Rights, Fiscal Support, Maintenance, Repair and Overhaul, Air Cargo, Aeronautical ‘Make In India’. The Central Government announces that the foreign airlines now will be allowed to invest in domestic airlines up to 49 percent. The researcher has to study the impact of FDI Inflows in Aviation Sector in India and Annual Growth Rate of FDI Inflows in Aviation Sector in India. FDI is necessary for all stakeholders and partners to work together to maximize the benefits of air transport, and to support the sustainable growth of aviation by connecting more people and more places. Aviation has continued to expand. It has weathered crises and confirmed long-term resilience, becoming a crucial means of transport. Historically, air transport has doubled in size every 15 years and has grown earlier than most other industries. The researcher has used Statistical Tools such as, Trend Analysis, Descriptive Analysis, and Regression. The present study covers period of ten years taking from 2009-10 to 2018-19. The research paper concludes the positive growth and positive impact of FDI in Aviation Sector.
Keywords: FDI.
Scope of the Article: Civil and Environmental Engineering