Future of Aviation Industry in India
More than half a century has gone, when JRD Tata first took off in his own airplane. He added a new chapter in the Indian history. This was the beginning of aviation industry in India. But very soon the government took over his aviation company, and thus that nationalized company was named, Indian Airlines. Almost the next fifty years no competition was to follow for the Indian Airlines, as it remained the only airline company in India. But in the last decade and a half or so, things changed. A handful of airline companies came into existence, some backed by big business houses, and some being collaboration between international airline giants and local business houses. Some of these companies were not a success story and had to shut down operations. Besides this limited competition the growth of this industry has been more or less a linear one.
After 1992, Indian Economy has witnessed a sea change. The first success story being IT industry, then the more recent one being Telecom industry. Then the crossover of Indian companies to international standards, and making their presence felt at the international level. But probably the most dramatic and visible change is yet to come. Aviation industry is going to witness an exponential growth in next five to ten years. It is heading towards north, and will keep doing so for a long time to come. India today is the most happening place, in terms of foreign investment. All big companies want to have their presence in India. More than half of the Fortune 500 companies have their offices in Bangalore city, which speaks for itself.
With the pouring of all these big MNCs, and crossover of Indian companies to international standards, to find a person earning more than Rs. 50,000/- a month is not a big deal anymore. Work culture has also changed profoundly. Today a professional is supposed to work for at least 12 hrs. a day. Today, and more so in...