Business Aviation is a Key Contributor to the Growth of National Economy. Business Aircraft are the Business Tools for national development, connectivity and productivity.
Dear Reader,
The BA/GA industry in India needs the acknowledgement of the fact that Business Aviation contributes towards the economy of our country and towards employment generation. It elevates productivity for companies, whether big or small. It cuts travel time, boosts efficiency and safety, and keeps companies/business enterprises competitive in today’s fast-evolving environment. Despite being key contributors towards the economy and economic growth of our country, the industry continues to fight for its sustained existence and much-needed growth.
The heads of business enterprises, whether big or small, bring investments and bring a decent size of businesses back to the country using aircraft under the Business Aviation category. Still, Business Aviation in India is often viewed through the narrow lens of luxury and exclusivity, yet in truth, it is a sector of immense national importance. Noticeably, for safety, privacy and accessibility, even the Political Brass uses Business Aviation extensively for their inter-state and intra-state travels, which helps in the process of various policy-making, policy reviews, and exchange between the Centre and State governments.
The question, however, remains: why should this industry be penalised? Why should it be taxed at the highest levels? Why should this industry be treated as the stepchild for whom the hearing is almost the last thing to happen? The top policymakers should acknowledge the range of contributions that are made by this industry, constantly working as a catalyst. They should help not only in effective sustenance but also enable some level of a growth-based ecosystem.
Also, the Industry should look into dropping the term ‘Private’ as it is misleading and conjures images of opulence to the tax authorities. Perhaps a more nondescript nomenclature is required.
Despite its contributions, the sector struggles with neglect and over-taxation, needing recognition and policy support for sustained growth. It is high time that Policy makers accept that Business Aviation in India is far more than a luxury—it is a critical enabler of economic growth, governance, connectivity, and public service.
All this and more in this issue of BizAvIndia. Welcome aboard and we wish you many happy landings!