Pestle
Political
Support from the government through macroeconomic tools such as Foreign Direct Investment.
ENVIRONMENT
Focus on fuel-efficient technology which could help in the reduction of greenhouse gas emissions.
Technology
Technological tools used by industry players to automate processes helped in improving operational
efficiency and adopting fuel-efficient technology
Legal :
Controlling Authority DGCA plays an important role in looking over the safety regulations of the
aviation industry.
Stringent aviation policies
Economic
High Fuel prices impact the operating cost which put pressure on operational expenditure.
Highly volatile oil market
The high growth rate in the Indian economy in general