Can India emerge as a major contender for aerospace manufacturing?

With global aerospace worth $ 100 billion, the potential for the Indian aerospace industry is only expanding year on year. The numbers speak for themselves. The ninth largest civil aviation market in the world has witnessed 40 percent growth in passenger traffic in the past two years and the demand for commercial aircraft exists & is ever increasing. 

The industry is defined by its enthusiasm and demand for very high levels of technology, dragging project life cycles and high costs. Hence, India was following the ‘perfectionist import substitution’ route, where the country met its demand with partnerships with imported original