Strategic Thought Transformation - The IIPM Think Tank

S T R A T E G I C I S S U E S
Source : UNDP & Company reports
Country
Real Per Capita
Income
Trip per
capita
Ethopia INR 32,206.74 0.011
Congo INR 43,712.38 0.001
Nigeria INR 47,562.69 0.007
Vietnam INR 112,791.52 0.08
India INR 131,001.24 0.0125
Indonesia INR 152,245.91 0.017
Philippines INR 195,731.79 0.06
China INR 226,624.89 0.09
Ukraine INR 248,730.22 0.0125
Ukraine INR 248,730.22 0.014
Columbia INR 303,585.86 0.14
Turkey INR 306,756.70 0.1
Turkey INR 306,756.70 0.115
Dominican Rep INR 309,066.89 0.0012
Thailand INR 344,036.79 0.145
Mexico INR 415,290.23 0.13
Chile INR 465,389.60 0.16
Poland INR 515,443.67 0.017
Portugal INR 520,924.70 0.84
Saudi Arabia INR 599,108.70 0.8
Oman INR 615,325.32 0.9
Bahrain INR 791,760.25 3
Brunei INR 792,711.50 5.1
South Korea INR 814,046.76 0.82
Qatar INR 815,360.40 2
Cyprus INR 850,511.49 2.5
Slovenia INR 867,452.87 0.15
Greece INR 903,872.30 0.8
Israel INR 907,450.83 0.86
UAE INR 928,604.90 4.1
New Zealand INR 1,022,914.92 4
Sweden INR 1,211,716.15 2.1
Italy INR 1,228,431.04 0.17
UK INR 1,229,699.38 0.95
Hong Kong INR 1,231,148.91 2.8
Germany INR 1,257,285.74 0.85
Japan INR 1,266,843.57 0.96
Austria INR 1,363,191.99 0.82
Switzerland INR 1,383,938.39 4.5
Canada INR 1,389,600.61 0.9
Denmark INR 1,425,295.28 1.04
USA INR 1,701,475.96 5.2
Norway INR 1,706,368.13 6
Ireland INR 1,709,448.38 5.5
aspect of flying. But with the opening up of
the Indian economy in the early nineties,
certain modifications were witnessed in the
commercial aviation space. Most important
of them all was that the Air Corporation Act
was repealed to end the monopoly of the
public sector and private airlines saw the
light of the Indian skies. With this, began
a new morning for the Indian aviation industry
– one that promised a bagful of good
tidings – for the operators and customers
alike in the Indian sub-continent.
And of course, the rest is history. Today,
with air travel becoming increasingly
popular at the cost of railways and roads
(owing to the fall in prices of air tickets, despite
fuel price increase), policy-makers too
seem to have understood that much needs
to be done before world-class standards are
reached. What is most interesting about
the current state of affairs is the fact that
these national leaders seem to have fully
understood the magical spill-over benefits
Trend Line Equation R 2
Value
Linear y=0.0665x 0.3815
Logarithmic y= 1.0873ln(x) – 1.7611 0.2922
Trinomial y=0.0001x 3 -0.0062x 2
+0.1563x+0.6525
0.4469
Power y=0.0007x 2.1239 0.6383
Exponential y=0.0108e 0.1465x 0.6468
to other sectors that privatization in the
aviation industry has caused and are today
oriented towards improving the state of affairs
in various domestic and international
terminals across the country. The recent
changes that have been made in the Airports
Authority of India Act to permit the
privatization of the two Metro airports of
Delhi and Mumbai stand as strong evidence
to that belief. To add to this, the Government
has also taken an important step in
setting-up an ambitious committee under
the guidance of Naresh Chandra, with the
prime task of examining the irregularities
in the aviation sector and make suggestions
for its rapid and effective up-gradation.
Estimation of Demand
With the Indian economy all set to grow
with ever-increasing vigour and swell in
GDP value expected, the purchasing power
of Indians is also expected to rise proportionately.
With Assocham’s prediction of
the Indian GDP doubling by the year 2010,
we can prudently postulate that the disposable
income (and therefore the purchasing
power) of Indians will also double by the
year 2010, hence an effective surge in the
frequency of travel, which will infallibly
be accompanied by an augmentation in
number of air passengers.
It has also been empirically observed
that when the per capita income of any
country is taken during certain time-intervals,
the per capita income in that coun-
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STRATEGIC INNOVATORS
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