Role Of Aerospace Industry In India

Indian Aerospace Industry : On a High Growth Trajectory

Importance of the Indian aerospace industry

The Aerospace industry puts up significantly to the Indian economy by generating, employment, increasing export revenues, and developing the supply chain. According to Government reports, the Aerospace industry has the potential to reach $70 billion by 2030

1. A market analysis by Phone projects the aerospace job market in India to grow 30% year on year.

2. Indian accomplishments include the launch of satellites and missions to the moon and Mars. Significant contributions come from well-known institutions like ISRO, HAL, and DRDO

3. Hindustan Aeronautics is the market leader in the sector in India.

4. Dr. A. P. J. Abdul Kalam, also known as the "Missile Man of India", was a renowned aerospace engineer and scientist who served as the 11th President of India from 2002 to 2007. Born on October 15, 1931, in Rameswaram, Tamil Nadu, Dr.

5. The origin of the aerospace industry dates to 1903 when Wilbur and Orville  Wright Demonstrated an airplane capable of powered, sustained flight (see Wright flyer of 1903).

6. India has emerged as a key player in the global aerospace industry, and its trajectory suggests a promising future in aerospace manufacturing. As we look ahead to 2028, several factors indicate that India is set to soar to new heights in this dynamic sector