Indian carriers are expected to need almost 3,000 new planes to cope with an increase in demand.

Manufacturers Airbus and Boeing have revised their 20-year market outlook for the country, stating it will require far more aircraft by 2032 than they originally predicted in 2012. Both companies believed the increased level of demand would mainly be for single-aisled models such as the 737 and A320.

Boeing announced it thought India would need an additional 250 planes than it previously estimated, bringing the total number to 1,600. It valued this investment at around $205 billion (£123 billion). Meanwhile, its European counterpart stated the country would take on 245 more of its aircraft. This equates to 1,290 aeroplanes, priced at $190 billion.

Kiran Rao, Airbus executive vice-president of strategy and marketing, commented: "As the people of India fly more, demand for the latest generations of aircraft will also increase, making India one of the largest and most dynamic markets in the world."

Despite this positive outlook, Boeing also warned that Indian carriers are more frequently breaking capacity discipline. It pointed out that in 2013, aircraft space increased by 11.5 per cent while passenger numbers only went up by 3.5 per cent. This meant almost of third of this extra availability went unused.