Despite the short-term challenges posed by the covid-19 pandemic, aerospace firm Boeing Co expects demand for more than 2,200 new jet planes valued at nearly $320 billion over the next 20 years in India. The demand will be driven by strong aviation growth, fuelled by the expanding middle class, the US-based company said on Wednesday.
“Although the covid-19 pandemic sharply reduced Indian air travel last year, the country’s domestic passenger traffic is recovering more rapidly than in most other countries and regions, recently reaching 76% of pre-pandemic levels,” Boeing said in a statement along with its India forecast forecast that was released today.
The forecast is a part of the company’s annual commercial market outlook (CMO).
