Priyank Kharge Minister for Electronics, IT/BT and Rural Development & Panchayat Raj, Govt of Karnataka, spoke at panel discussion during the Paris Air Forum, highlighting the importance of collaboration—not just between governments, but also across R&D ecosystems. There is immense value and learning to be gained from each stakeholder. India is currently the third-largest civil aviation market in terms of global air traffic (2024) and continues to lead as the fastest-growing domestic aviation market. The Indian aviation sector is valued at $14.8 billion in 2025, with projections indicating growth to $26.1 billion by 2030, reflecting a CAGR of approximately 12%. The industry contributes significantly to the economy, with a direct GDP impact of $6 billion and an indirect contribution of nearly $54 billion. It also supports 370,000 direct jobs and 7.7 million indirect jobs. We have just beginning to scratch the surface and this has a huge potential. Karnataka is well positioned to take complete advantage of the opportunity in aviation, aerospace and space.
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