Aerospace industry of India: Analysis of strengths, weaknesses, opportunities and threats

Abstract

Indian aerospace industry is on the threshold of a whopping growth, provided the policy makers and the indigenous industry rise up to the challenge. This paper takes stock of the current scenario of the industry in India and carries out SWOT analysis to bring out the major challenges and future prospects for the Indian aerospace industry. The major deciding factors appear to be encouragement of more FDI in the sector, policy reforms, and increased support to SMEs in terms of better access to finance and technology transfer, and huge investment for improving infrastructure to ease pressure on the supply chain.