If the numbers are anything to go by, aircraft manufacturers have reason to be positive about India´s business aviation market. The country´s gross domestic product grew by 7.7% in 2009, according to World Bank data, and growth is expected to be strong in the years ahead.
In its latest market forecast, Bombardier expects 325 new business jet deliveries in India in the decade to 2019, adding to the fleet of 125 business aircraft in the country already. "Business jet sales should progressively accelerate in India due to economic growth and wealth creation," says Bombardier.
Embraer points out that the Indian economy, along with other emerging countries´ economies, was not affected by the global recession as severely as other nations. "It is identified with much potential for further growth and these are favourable to the development of the general business environment and, consequently, business needs that include the greater use of business jets as tools of the trade," says the Brazilian airframer.