3% CAGR expected over 2016-2021, thanks to anticipated increase in aircraft production volumes and healthy demand for aircraft components, both domestically and overseas
India aims to revive commercial aircraft programmes as improving air connectivity boosts demand for regional jets
Aircraft component production expands in 2016 thanks to stable demand in export markets and influx of foreign investments
Increased spending on military aircraft lifts industry’s production value growth
Industry’s production value grows 4% in 2016 to INR47.1 billion
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