Boeing expects India to order up to 2100 aircraft worth $290 bn over 20 yrs

India's domestic passenger traffic is growing at more than 20% a year over the last few years

Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircrafts worth $290 billion over the next 20 years, calling it the highest forecast ever for Asia's third-largest economy.

India is one of the world's fastest-growing aviation markets with domestic passenger traffic growing at more than 20 per cent a year over the last few years.

The world's biggest maker of jetliners could increase the projection next year depending on how India's regional connectivity scheme pan out, said Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes.

Last year, India overhauled rules governing its aviation industry, liberalising norms for domestic carriers to fly overseas and spreading the country's air travel boom to smaller cities by capping airfares and opening new airports.