Indian Commercial Aviation Supplier Market to Grow Exponentially

摘要

Indian Commercial Aviation Suppliers Market to Grow exponentially spurred by low labour and manufacturing costs, according to a research study conducted by Frost & Sullivan. The commercial aviation suppliers market in India is set to grow rapidly at a compound annual growth rate (CAGR) of 16.1per cent from 2007 to 2014. Low manufacturing and labour costs are expected to boost outsourcing to India. Labour costs in India are relatively lower when compared to the western countries. India also enjoys a geographical advantage over other countries that enables it to cater to the demands of countries in South Asia as well as the Middle East.