India’s Air Cargo Market Set to Quadruple by 2043, Driven by E-commerce and Manufacturing Growth, Says Boeing

The forthcoming fourfold increase over two decades in India's air cargo volumes, as predicted by Boeing's World Air Cargo Forecast 2024-2043, stems from swelling global e-commerce demand and increased manufacturing. The e-commerce market, too, is flourishing in India, promising around 25% growth in demand through increased household incomes; internet penetration, and proliferation of smartphones. India's e-commerce volumes may not match those found in mature markets such as China, the US, or the EU, but the rate of growth is among the fastest in the world. Boeing puts India above all other nations in South Asia, characterized as the air cargo market, and additionally, it states the country will continue to be a significant driver of growth in the region. The prognostications also point at the burgeoning manufacturing sector in India, especially in the fields of electronics, semiconductors, and automobiles, as largely productive areas of demand