财经观察：中印直航恢复，经贸人文往来有望加速

Core Points - The restoration of direct flights between China and India, after a five-year hiatus, is expected to enhance economic and trade relations between the two countries, providing stability and sustainability to their bilateral relationship [1][4][11] Group 1: Airline Operations - IndiGo Airlines is the first carrier to resume direct flights, starting from October 26, 2023, with a route from Kolkata to Guangzhou, followed by daily flights from Delhi to Guangzhou starting November 10, 2023 [3][4] - The resumption of direct flights will allow for seamless movement of people, goods, and ideas, strengthening ties between the world's two most populous countries [3][5] - Indian Airlines plans to re-enter the Chinese market by launching direct flights from Delhi to Shanghai by the end of the year [3][4] Group 2: Economic Impact - In 2019, over 500 flights operated monthly between China and India, with a significant passenger volume, indicating a robust market potential that has not been fully realized during the hiatus [4][5] - The bilateral trade volume is projected to reach $138.48 billion in 2024, providing a stable foundation for business travel [5] - The restoration of direct flights is expected to reduce travel time by over 40% and lower costs, enhancing the travel experience and potentially increasing passenger numbers [4][5] Group 3: Tourism Sector - The resumption of direct flights is seen as a transformative opportunity for the tourism market, allowing for the development of competitive travel products and enhancing customer experience [6][8] - Travel agencies are preparing to launch new tour packages centered around direct flights, which are anticipated to attract more tourists [6][8] - The direct flights will facilitate cultural exchanges and strengthen ties between the two nations, promoting economic growth and tourism development [8][10] Group 4: Geopolitical Context - The restoration of direct flights is viewed as a cautious step towards repairing the relationship between China and India amid a complex geopolitical landscape [4][11] - It reflects a shift in India's approach towards China, moving from a competitive stance to one of cooperation, as emphasized by recent diplomatic engagements [11] - The direct flights are expected to enhance political trust and facilitate people-to-people exchanges, which are crucial for long-term bilateral relations [10][11]