India’s exceptional economic performance that has spawned a burgeoning population of high-net-worth individuals is driving strong growth in the business aviation sector, according to Delhi-based private charter operator JetSetGo, which is intently focused on efforts to expand its fleet. The company is also investing management bandwidth in plans to launch new advanced air mobility (AAM) services that could include urban and regional flights using new eVTOL and hybrid-electric aircraft.
According to accountancy group Deloitte, India’s gross domestic product is expected to grow at a rate of between 6.5% and 6.8% in the current financial year, rising to between 6.7% and 7.3% in the following 12-month period. While still below the World Bank-logged rate of 7.6% in 2023, the growth is more than double that of the U.S. and well above the anemic state of Europe’s economies.
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