India’s Aviation: Rising Demand, Record Orders & Airport Expansion

With passenger traffic set to jump from 220 Mn to 300 Mn by 2030E, India’s aviation sector is gearing up for a historic expansion. Yet with only 0.13 seats per capita versus ~2 globally, the real story is a massive capacity gap. Fleet backlogs, airport upgrades, and Tier-2/3 connectivity are creating a decades-long supercycle. For investors, this is a rare ecosystem play—airports, MRO, leasing, aerospace supply chains, and airport commerce, all poised to scale alongside India’s mobility boom.