Airbus on Thursday said it plans to invest some $1 billion in India, setting up an engineering facility and a pilot training school.
Airbus also released a study predicting a huge growth in the Indian airline industry, saying that the country will need 1,100 airplanes worth $105 billion by 2025.
Airbus to Invest $1 Billion in India [AP via NYTimes]
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1,100 new planes?! Good grief. I think the analysts are significantly overstating demand for air travel in a country as desperately poor as India. In fact I think the whole “India story” has been overstated in recent years, but I’m probably in the minority.
desperately poor ! wake up buddy.
India’s already among the biggest economies and growing at a tremendous rate
India’s poverty is shocking. Of course, it’s one aspect of the India story that India boosters don’t like to dwell on, so we don’t hear about it much. Indian success is by no means a done deal. India is going to face enormous economic, political, and social difficulties in coming years. Economic development is not ushering in a new era of democracy, as India apologists keep predicting, because the middle classes keep voting for right-wing authoritarians. My money is on China.
Stop listening to smug Indian professionals in the West who keep boasting that their country will overtake the US in a few years. Like so many arrogant Indians working in the West, they’re full of bullshit.
Oh, and if you’re thinking of investing in India now, forget it. India is played out.