India is set to become the world’s most important new aircraft market, according to a report by financial services firm Barclays. With one of the highest growth rates in the sector, the country is now a focus for the global aerospace and defence industry. Although currently the third largest aviation market globally for domestic traffic, India’s growing middle class and increased government investment will propel it to the top spot, with one in 10 GE GTF and Leap engines installed fleet already in operation there, compared to just 1% for older CFM56 and V2500 engines.
India Set to Become the World’s Most Significant Aircraft Market: Barclays
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
