India will need to add more than 1,610 planes worth $224 billion over the next 20 years as demand grows, Airbus SAS estimated.
The European plane maker’s global market forecast for 2015-34 says this will include 1,230 new single-aisle aircraft apart from A380 wide body planes and freighter aircraft.
According to Joost van der Heijden, vice-president marketing Asia and North America, Airbus, much of this demand will be for single-aisle planes such as Airbus A320neos.
By 2035, the number of Indian cities with over one million monthly air passengers will more than triple from the current four.
India’s population is set to surpass China’s by 2025, and according to Oxford Economics, the number of Indian middle class will top 600 million people, more than double that of the US, Heijden said.
By 2034, Indian passengers on average will each make four times as many flights as they do today, he said.