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the forecast
Bombardier Business Aircraft | Market Forecast 2011-2030 32
India
Business Jet Penetration Forecast - India
Fleet per capita vs. GDP per capita, 1960-2030
1,000
Fleet per 100 Million Population (Log Scale) 100 2010 2030
10
Actual
Forecast
1960
1
100 1,000 10,000 100,000
GDP per Capita (USD, Log Scale)
Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.
India’s economy continued to experience India has one of the fastest growing middle- has capitalized on its large number of
remarkable development, increasing at 8.5% class in the world. The world’s most populous well-educated people, skilled in the English
per year during 2010, second only to China. democracy escaped the worst of the global language.
Economic liberalization that began in the early financial crisis of 2008-2009 through cautious
1990s served to accelerate India’s growth, banking policies and a relatively low depend- According to IHS Global Insight, India is
which averaged more than 7% per year ence on exports. While the Indian economy forecast to be the world’s fastest growing
since 1997. is diverse, services, such as IT, are the major region in the period from 2011 to 2030, with
source of economic growth, accounting GDP growth averaging 7.5% per year. In
for more than half of India’s output. India 2011, India’s growth is predicted to be at 8.3%.
Bombardier Business Aircraft | Market Forecast 2011-2030 32
India
Business Jet Penetration Forecast - India
Fleet per capita vs. GDP per capita, 1960-2030
1,000
Fleet per 100 Million Population (Log Scale) 100 2010 2030
10
Actual
Forecast
1960
1
100 1,000 10,000 100,000
GDP per Capita (USD, Log Scale)
Sources: Ascend, IMF, IHS Global Insight, UN Population Project, Bombardier forecast. Includes very light jets.
India’s economy continued to experience India has one of the fastest growing middle- has capitalized on its large number of
remarkable development, increasing at 8.5% class in the world. The world’s most populous well-educated people, skilled in the English
per year during 2010, second only to China. democracy escaped the worst of the global language.
Economic liberalization that began in the early financial crisis of 2008-2009 through cautious
1990s served to accelerate India’s growth, banking policies and a relatively low depend- According to IHS Global Insight, India is
which averaged more than 7% per year ence on exports. While the Indian economy forecast to be the world’s fastest growing
since 1997. is diverse, services, such as IT, are the major region in the period from 2011 to 2030, with
source of economic growth, accounting GDP growth averaging 7.5% per year. In
for more than half of India’s output. India 2011, India’s growth is predicted to be at 8.3%.
