What Happened
Global Supply Chain Constraints Create Opening for Indian Manufacturers
India’s aerospace manufacturing industry is gaining a larger role in the global aircraft supply chain as Boeing and Airbus grapple with record aircraft backlogs and supply-chain constraints. The country’s aerospace exports have risen nearly five-fold, and Indian companies are increasingly participating in global aircraft programmes, supported by the country’s engineering workforce and precision manufacturing capabilities. According to a Jefferies report, the global aerospace industry has an aircraft backlog of more than 17,000 planes, equivalent to around 12 years of production at current capacity. This article was first reported by The Financial Express.