India’s aviation expansion requires $170 billion by 2030: S&P Global
AVIATION & AIRPORTS

India’s aviation expansion requires $170 billion by 2030: S&P Global

India will need over $170 billion in investments by 2030 to support rapid growth in its aviation sector, driven by record aircraft orders and airport infrastructure upgrades, according to a report by S&P Global Ratings.

As one of the fastest-growing aviation markets, India is projected to see domestic passenger traffic double to 300 million by 2030, based on government data. International traffic is also expected to more than double during the same period, according to estimates by aviation research group CAPA India.

To meet surging demand, Indian airlines have placed record orders with Airbus and Boeing, while the government aims to double the number of airports by 2030, establishing India as a global aviation hub alongside Singapore, Dubai, and Doha.

S&P Global Ratings forecasts that Indian carriers will spend $150 billion to finance outstanding orders for 1,700 aircraft. Another $24 billion will be required for airport construction and expansion.

“The timing is favourable for higher borrowing,” S&P analysts noted, highlighting the sector's strong growth outlook, access to cheaper domestic financing, and supportive government policies on foreign ownership, which are expected to enhance funding opportunities for the aviation industry.

(ET)

India will need over $170 billion in investments by 2030 to support rapid growth in its aviation sector, driven by record aircraft orders and airport infrastructure upgrades, according to a report by S&P Global Ratings. As one of the fastest-growing aviation markets, India is projected to see domestic passenger traffic double to 300 million by 2030, based on government data. International traffic is also expected to more than double during the same period, according to estimates by aviation research group CAPA India. To meet surging demand, Indian airlines have placed record orders with Airbus and Boeing, while the government aims to double the number of airports by 2030, establishing India as a global aviation hub alongside Singapore, Dubai, and Doha. S&P Global Ratings forecasts that Indian carriers will spend $150 billion to finance outstanding orders for 1,700 aircraft. Another $24 billion will be required for airport construction and expansion. “The timing is favourable for higher borrowing,” S&P analysts noted, highlighting the sector's strong growth outlook, access to cheaper domestic financing, and supportive government policies on foreign ownership, which are expected to enhance funding opportunities for the aviation industry. (ET)

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?