Boeing forecasts demand for 2,100 new aircraft in India

New Delhi, July 31: Global aerospace major Boeing on Monday said it expects a demand for 2,100 new aircraft in India over the next 20 years.

According to the company's 2017 India current market outlook, the demand for 2,100 new aircraft is valued at $290 billion.

"Commercial aerospace demand in India continues to grow at unprecedented rates," said Dinesh Keskar, Senior Vice President, Asia Pacific and India Sales, Boeing Commercial Airplanes.

"The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factors bodes well for India's aviation market, especially for the low-cost carriers," he said.