India is investing in reforms for aviation and cargo, though stakeholders are exercising caution.

India's aviation sector is undergoing significant changes, shifting from reliance on foreign aircraft leasing to strengthening domestic capabilities and regulatory frameworks. The establishment of the International Financial Services Centre (IFSC) aims to reverse capital flight, with over 34 aircraft lessors now operating in India. Recent legislative measures, including the Protection of Interests in Aircraft Objects Act, enhance legal certainty for global financiers. Additionally, reforms in cargo transport and the removal of export caps for MSMEs are set to boost the industry, though effective implementation remains crucial for realizing these benefits.