India’s booming aviation sector will require USD 80–100 bn in aircraft, engines and spares, says Piyush Goyal.
India’s rapidly expanding civil aviation market will require nearly USD 80 to 100 billion worth of aircraft, engines and spare parts in the coming years, Union Commerce and Industry Minister Piyush Goyal said while speaking on the India–US interim trade agreement, according to ANI.
Highlighting the scale of India’s aviation growth, Goyal said the country already has around USD 50 billion worth of aircraft orders placed with Boeing, and additional requirements for engines and spare parts will significantly add to the total value. “Planes are required by India. We already have large orders in place, and when we factor in engines and spares, the requirement could be anywhere between USD 80 and 100 billion,” he noted.
The minister clarified that the figures discussed under the interim trade framework are not binding commitments but an indication of India’s genuine commercial needs as its economy and infrastructure expand. He said the aviation sector alone represents a major opportunity for deeper India–US trade and industrial cooperation.
Goyal further explained that the interim agreement aims to facilitate smoother trade across multiple sectors, including aviation, energy, technology and industrial goods, while paving the way for a broader bilateral trade agreement in the future. He stressed that India’s growing demand reflects long-term structural growth and positions the country as one of the world’s largest emerging markets for civil aviation.
Source: ANI
