Jet set: Tata wins bid for debt-hit Air India in $2.4bn deal
Al JazeeraMAY 2021
India is already one of the globe’s largest aviation markets and is still growing rapidly. The country’s post-pandemic growth has been exponential and, not only has its population become the largest worldwide, but its economy is seeing the rise of a robust middle class that can sustain industry expansion, such as in aviation. While it may take some time, India is on its way to being one of the largest players in the global aviation market.
While New Delhi's aviation market is experiencing a boom, there are a number of challenges facing the nation’s airlines and economy that may still limit growth. India is currently experiencing the world’s largest demand for aircrafts because it has the largest global population, but some Indian airlines are still going out of business. Supply chain issues have been brutal, and India's per capita penetration is far lower than other countries. While the raw totals look good, the nation still has a lot of ground to make up for to sustain a healthy aviation industry.