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A Nuanced Approach: Budget 2021 And Indian Aviation Â
by Satyendra Pandey - Feb 4, 2021 11:36 AM
Flight climbing in the sky (Karen Arnold - public domain pictures)
Snapshot
The budget has taken a nuanced view on aviation, but how this translates to on-ground implementation remains to be seen.
Monday, 1 February saw the announcement of the Union Budget for the upcoming financial year. Aviation stakeholders watched with baited breath. This is because budgetary allocations signal intent and by extension what the industry should expect, going forward.
Given the Covid pandemic that decimated demand across the aviation value chain, there was anticipation and trepidation in equal measure. As far as aviation is concerned, at first glance, it seemed nothing has changed. However, a closer look suggests that the budget has taken a fairly nuanced approach.