Boeing forecasts a demand for 2,100 new airplanes in India, valued at $290 billion, over the next 20 years. The company released the new numbers this week as part of its annual Current Market Outlook (CMO) briefings for India.
"Commercial aerospace demand in India continues to grow at unprecedented rates," said Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes. "The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factors bodes well for India's aviation market, especially for the low-cost carriers."
Single-aisle airplanes, like the 737 MAX family, will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,780 airplanes.
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