CURRENT AFFAIRS

Detailed explanation-1: -Multi-skill Development Centre (MSDC) for Aviation Skilling has been set up at Chandigarh under the Corporate Social Responsibility (CSR) scheme funded by Airports Authority of India (AAI).

Detailed explanation-2: -With the air passenger traffic projected to increase, the Indian aviation industry is on a high-growth path. To satisfy the current and projected rise in demand for commercial air travel, Indian airlines have placed large orders for aircraft.

Detailed explanation-3: -Future of India’s Aviation Industry Given India’s expanding population, passenger traffic will increase at a rate of 6.2% annually by 2040, the highest rate among the major nations and far higher than the world average of 3.9%. By 2040, India would need 34,000 more pilots and 45,000 more technicians.

Detailed explanation-4: -India’s aviation sector is expected to grow at a compound annual growth rate (CAGR) of 5.8 percent for the next 20 years, International Air Transport Association (IATA) Head of Policy Analysis Andrew Matters has said.

Detailed explanation-5: -The aviation industry encompasses almost all aspects of air travel and the activities that help to facilitate it. This means it includes the entire airline industry, aircraft manufacturing, research companies, military aviation, and much more.