Year after year, stakeholders in the aviation sector draw up a wishlist they hope will be taken up in the Union Budget. But year after year it remains just that – a wish list.
The last few years in particular have seen little or no benefits for the aviation sector in the Budget. In fact, in the 2021-22 Budget, even as the aviation sector was bleeding financially because of the Covid-19 pandemic, the budgetary allocations for the sector were slashed by 22 per cent.
In the previous year, the budgetary allocations for aviation had inched up a mere 2.62 per cent.
Nripendra Singh, Research Director, Aerospace & Defense Practice, Frost & Sullivan, says the government prioritised other sectors and initiatives during the pandemic for relief packages. “As an infrastructure-intensive sector, it requires a calculative approach to strategise initiatives," he adds.