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Journal of Statistics and Management Systems Volume 25, 2022 - Issue 5: Nurturing and Transforming Economic and Business Practices with Innovation in Global Market
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Research Article

Global drone revolution and related regulatory framework: A critical review

U. Husain1 Economics and Business Studies Mazoon College, Affiliated to Missouri University of Science and Technology, Purdue University Northwest (U.S.A.), U.S.A.Correspondence[email protected]
&
Afzalur Rahman2 Department of Commerce, B.S. Abdur Rahman Crescent Institute of Science and Technology, Vandalur, Chennai, India E-mail: [email protected]
Pages 1161-1173 | Published online: 18 Sep 2022
 
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Abstract

The drone industry has the potential to significantly increase India’s economy. The Production-Linked Incentive (PLI) programme in India is estimated to earn USD 1.8 billion in income by 2026. By 2026, the drone market is anticipated to register $40.7 billion. By 2021 about 60% of the 860,000 drones that had been registered in the U.S. were used for recreational reasons. Drone Integration and Zoning Act and American Security Drone Act are key pieces of legislation for drone-related activities in 2021. In India registration of the drone is compulsory in all the cases. However in comparison to the earlier rule the Indian Government has given several relaxations.

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