"Moreover, policy reform in the sector has been animated

as much by an interventionist as liberalising spirit, reflected for example in restrictions on pricing," the Survey said.

It also comes against the backdrop of demands in certain quarters for capping of airfares as well as the ticket price for one-hour flights being limited at Rs 2,500 under the regional air connectivity scheme.

According to the Survey, India is now squarely in the middle of the emerging market pack.

"This is partly because India has allowed the private sector entry into, amongst others, civil aviation, telecommunications, and financial services.

"These have all served to reduce the share of the public sector even if there has not been much exit of the PSU enterprises themselves," it added.

Among others, Foreign Direct Investment (FDI) norms have been relaxed further in civil aviation and other sectors.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)