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Boeing Makes Demand for 2,380 Aircraft In India

An expected demand of 2,380 new airplanes is being made by Boeing by 2038

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Demand for aircrafts
Boeing expects a demand for 2,380 new aircraft in India, valued at $330 billion by 2038. Pixabay

Global aerospace major Boeing expects a demand for 2,380 new aircraft in India, valued at $330 billion, over the next 20 years.

According to the Boeing’s annual India Commercial Market Outlook (CMO) 2019, factors such as exponential domestic passenger traffic growth, new long-haul opportunities and infrastructure development will lead to the fulfilment of the demand forecast.

“To operate and maintain the expanding fleet, operators are expected to spend $440 billion on aviation services, including ground, station and cargo operations, along with maintenance and engineering,” the 2019 India CMO said.

Aircraft
To operate and maintain the expanding fleet, operators are expected to spend $440 billion on aviation services including maintenance of aircraft. Pixabay

“In India, single-aisles will lead the demand for airplane deliveries — comprising 87 per cent of all new airplanes — to meet requirements for domestic network connections and service to new airports.

“Wide-body airplanes will make up 13 per cent of new airplane deliveries, helping to enable new long-range flights.”

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As per the CMO, many of the new airplanes will replace aging aircraft and help operators grow their network as India’s airplane fleet is projected to quadruple in size to approximately 2,500 aircraft by 2038. (IANS)

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84% Indians Hope to Retain Their Jobs Despite Automation: WEF

Indians see automation, but hopeful of keeping jobs

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Indians jobs
Although majority of Indians think their jobs would be automated in the next 10 years, 84 per cent hope to retain their jobs. (Representational Image) Pixabay

Although majority of Indians think their jobs would be automated in the next 10 years, 84 per cent hope to retain their jobs, supported by their skills, according to a report by World Economic Forum (WEF) and Ipsos.

India tops the list in terms of expectation of jobs automation, as around 71 per cent respondents expect their jobs to be automated. Saudi Arabia comes second with 56 per cent respondents expecting jobs getting automated, and in China 55 per cent respondents feel the same.

“Interestingly, 84 per cent of urban Indians polled are confident of keeping their jobs, using the skills they possess. The survey also shows across all markets, Indians are most confident, followed by the Netherlands (83 per cent) and the US (82 per cent),” the report said.

Indians jobs
Indians realise while automation is likely they know it will act as an enabler to improve efficiencies in deliverability. Pixabay

The markets least confident of holding onto their jobs in the face of automation, include Japan (23 per cent), South Korea (33 per cent) and Russia (50 per cent).

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Commenting on the survey, Parijat Chakraborty of Ipsos India said, “Indian job market is hierarchy driven, promotions are skills and performance-led. Indians realise while automation is likely they know it will act as an enabler to improve efficiencies in deliverability; human intellect, skill-sets and capital will still be needed to get the job done.” (IANS)