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32	32	The share of travel and tourism in India’s GDP was 10.4% in 2018. Indian economy and the aviation industry have a symbiotic relationship and each benefit immensely with the growth of other. While the fast-paced growth of the aviation industry over the past decade can be largely attributed to the robust economic growth, economic growth has also been greatly benefitted by the growth in aviation industry. According to International Civil Aviation Organization (“ICAO”), for every $100 of output produced and every 100 jobs generated by air transport, an additional demand of around $325 and 610 jobs are triggered in other industries, globally. The aviation industry is further expected to increase its share in the Gross Domestic Product and help the economy by creating jobs and an increase in production through trade and tourism.
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38	38	= Business Overview =
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46	46	IndiGo has been recognised among the most valuable and strongest airline brands, as per the Brand Finance Airlines 50 report for 2020. Further, the company was also awarded the ‘Safety Partner - Best Aircraft Turn Around Activity’ by DIAL; the ‘Best Domestic Airline’ at FICCI’s first edition of Travel and Tourism Excellence Awards; and the ‘Companies with Great Managers Award’ by People Business in partnership with The Economic Times. These awards are a testimony to its best-in-class service quality. The company’s learning academy ‘ifly’ also won awards for best practices in Learning and Development under six different categories at the TISS LEAPVAULT Chief Learning Officer (“CLO”) awards by the Tata Institute of Social Sciences.
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52	52	= Financial Highlights =