Industrial policy and supply chains
2026-04-26
10 minute read
17 sources
India Aviation 2026: Duopoly, Order Book, and the Capacity Bottleneck
IndiGo and the Tata Air India group together carry close to nine in every ten domestic seats in India, while a fleet of 1,200 aircraft on order, a Pratt and Whitney powder metal grounding, and an airport build led by Adani and GMR set the operating envelope through fiscal 2027.
India crossed 161 million domestic air passengers in calendar 2024, up 16 percent year on year, becoming the third largest domestic market in the world after the United States and China. The structure of that market is no longer fragmented. IndiGo held 62 percent share in April 2025 according to DGCA monthly traffic data, the Tata owned A...