The figures come from a forecast published by Airbus for the Asian country.
The European manufacturer Airbus has released the figures based on a forecast on the development of the aeronautical market in India in the next 20 years.
The Asian country will need 1,759 new aircraft to meet the growing demand for passengers and cargo, of which about 1,320 would be narrow-bodied aircraft and 430 wide-body aircraft, all valued at 255 billion dollars.
A rapid expansion in the country’s economy and urbanization, together with improvements in salaries, quality of life and connectivity projects, will be responsible for the increase in demand for air travel.
By 2036, the inhabitants of India will make four times more flights than at present, which translates into an annual growth of 8.1% in the next 20 years, doubling the world average located at 4.4%.
According to Airbus, India will become the third largest aeronautical market worldwide by 2019/2020, accounting for 70% of the aircraft order book and 60% of fleets in service.
Airbus also predicts that India will need about 24,000 new pilots and maintenance engineers over the next 20 years.
Srinivasan Dwarakanath, President of Airbus Commercial Aircraft in India, expressed about it: “Make in India is at the heart of our strategy. Airbus has the largest footprint in India of any international aircraft manufacturer, nationwide across all aircraft programmes. Our sourcing volume has grown 16 times over the past 10 years and it is currently at more than US$550 million annually”.