What Happened
Capping Airfares Could Hurt Aviation Industry Growth
India’s aviation industry is experiencing growth, with airfare prices remaining stable despite rising crude oil costs. However, a Supreme Court case is seeking to cap airfares and establish a consumer body, which could have unintended consequences on the industry. The government has promised a policy to address the issue, but experts argue that price controls may lead to industry decline and shortages. According to The Economic Times, attracting more airlines to the market could be a more effective way to make air travel affordable.