Aviation

Go for it if you have patience and will to get those licenses ASAP.
It's glamorous field but needs lots of hard work, patience and money. You will not regret after couple of years when you will start flying your dream machines.
But as being a pilot and engineer too I would say that I love flying and love everything about it.
Yes, it was hard to get job as pilot and that phase was most depressing one.
But today! I love my job and everyday seems like Sunday.
About 90/100 pilots love what they are doing.
This 40L you are talking about can be seen as your future investment as well.
In fact you will end up paying more than 40L.
Let's talk about job scenario, well India needs lots and lots of pilots but experienced one like those who got hours on type.
There are thousands of pilots out there with just 200hrs and some with type rating.
That's the problem.
And getting hours on type isn't easy at all.
I think it's more important that to whom you know rather then what do you know?
In short, I have seen people with 2o0hrs getting job with good contacts into airlines just because they got recommended by some big shot person out there.
And on other side, I would say it's better to get trained abroad & go back to India and convert your license to DGCA.
USA, Canada and Australia are among most popular countries.

There is no special courses for railway driver, but you have to complete ITI to become a railway driver.
ABOUT ITI
its a 2 year course,which trains the candidate to work in automobile sectors
ELIGIBILTY ~
10th pass with math and science.
ELIGIBILITY TO BECOME A LOCO PILOT
EDUCATIONAL QUALIFICATION
atleast matriculation with ITI course in specified trades.
AGE
18 - 30 year. for the general candidates.
age relaxation are being given to the reserved categories.
HOW TO BECOME A DRIVER
1. for becoming a railway driver you have to apply for the competative exam held for the job whenever declared by any of the 17 RRB'S of different zones in indian railway.
2. after clearing the exam the required tranning is been given.
3. you will be posted as a assistance loco pilot first on goods train then passenger train and at last express train.
4. after some years of experience you will be appointed as a loco pilot.
PAY SCALE ~
starting salary is 4000 - 5000 + incentives.

If you mean commercial pilot, then please remember, both the fields I.e merchant navy and commercial pilot are good and both offers good career prospects and excellent growth opportunities.
Commercial pilot)
Training in commercial flying can be taken with Flying clubs, the Rashtriya Udan Academy, Private Flying academies.
The training goes through 3 stages of licence.
The licences have to be procured in the following order:
Student Pilot Licence (SPL)
Private Pilot Licence (PPL)
Commercial Pilot Licence (CPL)
After Class XI/XII (with PCM) students can apply for the SPL
On passing Class XII(PCM) they may enroll for the next licence -PPL
On getting the PPL training begins for CPL
Details of the Licences:
Student pilot licence can be taken at flying clubs in every State . It is a theory exam.
Eligibility - Age of 16 years minimum and pass in Class X. A medical certificate of fitness, security clearance and a bank guarantee is required.
Selection - Candidates taking the SPL test have to appear in an oral examination on a fixed day every month. Candidates have to enroll a month before the examination. Selected candidates go through a medical test and the Pilot Aptitude Test.
Private pilot licence is a practical training. A total of 60 hours of flying is needed of which 20 hours minimum should be solo and 5 hours cross country.
There is a theory examination also Commercial pilot licence requires flying training for 190 hours to complete 250 hours of flying.

Hi Ishanuj,
You must have a minimum of 55% PCM in class 12th. If you are going to take your flying classes from government flying schools there will be an entrance test conducted by the Director General Civil Aviation or the DGCA. Being a pilot requires a lot of specialized technical training at various levels. In brief, the first level is that of a Student Pilot License (SPL), which allows the student to learn. After getting some training the student is provided with a Private Pilot License (PPL), which allows him to captain an aircraft without passengers. After gaining some training and experience he has to qualify for the Commercial Pilot Licence (CPL), which allows him to captain an aircraft with passengers. This license is provided by the Directorate General of Civil Aviation. The CPL endorses what aircraft you can fly. Most importantly you must be physically fit and you must undergo a medical test. Please read my article here:
https://www.shiksha.com/aviation/flying-pilot-training/articles/career-in-commercial-flying-all-you-need-to-know-blogId-13472#blogCommentSection

Hi Abdul,
The Aviation sector has been providing numerous job opportunities to graduates in India. Apart from the good pay scale and flexible working hours, aviation as a career choice provides you with a chance to start young. In fact, the younger you start the better it is for you.Some popular aviation colleges are:
Ab-initio to Commercial Pilot Licence (CPL) coupled with Instrument and Multi Engine Endorsement
MCC Course
BBA Aviation
Diploma in Aviation Hospitality
BSc Aviation
Bachelor of Science in Aviation Maintenance Management
Bachelor of Aeronautical Engineering
Diploma in Cabin Crew & In-Flight Services Management
Diploma in Air Cargo Management
Diploma in Airport Ground Handling
MBA Airport Management
Diploma in International Airline & Travel Management
Formore details on courses, refer the link:
https://www.shiksha.com/bba/articles/aviation-courses-one-can-study-blogId-11411
Some of the popular colleges providing MBA/BBA in aviation are:
School of Management, D.Y. Patil University | Navi Mumbai
Thakur College of Science and Commerce | Kandivali East, Mumbai
Please follow the link for more detail:
https://www.shiksha.com/aviation/colleges/colleges-mumbai-all