Aerospace major Boeing on Wednesday forecast strong aviation growth in India due to the country’s growing economy and an expanding middle class, fueling demand for more than 2,200 new jets valued at nearly 320 billion dollars over the next 20 years.
Boeing shared its India forecast as part of its annual Commercial Market Outlook (CMO) which anticipates resilient long-term demand for commercial airplanes and services.
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 per cent of pre-pandemic levels.
