Summary:

According to the Cirium Fleet Forecast for 2024, India's passenger aircraft fleet would grow from 720 in 2023 to over 3,800 within 20 years, increasing its share of the Asia-Pacific fleet from 8% to 18% by 2043. This establishes India as an important global aviation actor, with a distinct appraisal from the larger Asia-Pacific area for the first time. Indian airlines dominated worldwide aircraft purchases in 2023, trailing only the United States, with orders expected to total roughly 2,000 planes by 2025. With an annual fleet growth rate of 8.7%, India's share of the global fleet is predicted to increase from 3% to 8%, demonstrating the country's growing prominence in global aviation.

Source: IBEF

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