The global aerospace market was worth USD 740 billion in 2017, excluding the space, missiles and UAV part of the market. This is roughly one fourth of India’s total current GDP. India has made giant strides in the space industry and is a recognized player globally. However, the same cannot be said for the aircraft and MRO industry, where India is practically a non-player.
Embraer is a once in a century opportunity for India to leapfrog in the aerospace industry, and India should not be caught up in economic philosophies of how to acquire it.
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