In­dia jet fuel ex­ports may fall this year

New Straits Times - - Business -

NEW DELHI: In­dia’s record jet fuel ex­ports may fall this year as an ex­pand­ing mid­dle class and cheaper air travel boost lo­cal con­sump­tion, po­ten­tially rais­ing ailing profit mar­gins. Prime Min­is­ter Naren­dra Modi last month launched the first flight un­der the Re­gional Con­nec­tiv­ity Scheme that is de­signed to spur air travel be­tween smaller In­dian cities and to make fly­ing more af­ford­able. The govern­ment will cap fares un­der the scheme and of­fer air­lines in­cen­tives to fly less tra­versed routes. Agen­cies

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