Forecast predicts Indian airliner market to hit $190bn by 2032

According to Airbus’ latest market forecast, Indian carriers will require 1,290 new passenger aircraft valued at $190bn between now and 2032 to satisfy annual demand.

Indian annual passenger traffic growth rates of 8.6 per cent are above the regional Asia Pacific average growth rate of 6.1 per cent and the world average 4.7 per cent.

Of the requirement for 1,290 new aircraft, some 73 per cent will be for growth and 27 per cent for replacement. The new passenger aircraft include 913 single aisles, 322 twin aisles,, and 56 very large aircraft.