The statistic shows GDP in India from 1987 to 2024, with projections up until 2030. In 2024, GDP in India was at around 3.91 trillion U.S. dollars, and it is expected to reach six trillion by the end of the decade. See figures on India's economic growth here, and the Russian GDP for comparison. Historical development of the Indian economy In the 1950s and 1960s, the decision of the newly independent Indian government to adopt a mixed economy, adopting both elements of both capitalist and socialist systems, resulted in huge inefficiencies borne out of the culture of interventionism that was a direct result of the lackluster implementation of policy and failings within the system itself. The desire to move towards a Soviet style mass planning system failed to gain much momentum in the Indian case due to a number of hindrances, an unskilled workforce being one of many.When the government of the early 90’s saw the creation of small-scale industry in large numbers due to the removal of price controls, the economy started to bounce back, but with the collapse of the Soviet Union - India’s main trading partner - the hampering effects of socialist policy on the economy were exposed and it underwent a large-scale liberalization. By the turn of the 21st century, India was rapidly progressing towards a free-market economy. India’s development has continued and it now belongs to the BRICS group of fast developing economic powers, and the incumbent Modi administration has seen India's GDP double during its first decade in power.

The statistic shows the gross domestic product (GDP) per capita in India from 1987 to 2030. In 2020, the estimated gross domestic product per capita in India amounted to about 1,915.55 U.S. dollars. See figures on India's economic growth here. For comparison, per capita GDP in China had reached about 6,995.25 U.S. dollars in 2013. India's economic progress India’s progress as a country over the past decade can be attributed to a global dependency on cheaper production of goods and services from developed countries around the world. India’s economy is built upon its agriculture, manufacturing and services sector, which, along with its drastic rise in population and demand for employment, led to a significant increase of the nation’s GDP per capita. Despite experiencing rather momentous economic gains since the mid 2000s, the Indian economy stagnated around 2012, with a decrease in general growth as well as the value of its currency. Residents and consumers in India have recently shown pessimism regarding the future of the Indian economy as well as their own financial situation, and with the recent economic standstill, consumer confidence in the country could potentially lower in the near future. Typical Indian exports consist of agricultural products, jewelry, chemicals and ores. Imports consist primarily of crude oil, gold and precious stones, used primarily in the manufacturing of jewelry. As a result, India has seen a rather highly increased demand of several gems in order to boost their jewelry industry and in general their exports. Although India does not export an extensive amount of goods, especially when considering the stature of the country, India has remained as one of the world’s largest exporters.

This statistic shows the projected top ten largest national economies in 2050. By 2050, China is forecasted to have a gross domestic product of over ** trillion U.S. dollars.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

Between 2005 and 2020, the GDP of China grew from 2.3 trillion to 14.9 trillion U.S. dollars. During the same time period the GDP of the United States grew from 13 trillion to 20.8 trillion dollars. It is estimated that, by 2030, China will overtake the U.S. as the world's largest economy, with a GDP of 33.7 trillion dollars, compared to 30.5 trillion dollars; this margin of more than three trillion is predicted to increase to almost 13 trillion over the subsequent five year period.

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The airport ground handling systems market share in APAC is expected to increase by USD 20.05 billion from 2021 to 2026, at a CAGR of 20.09%.

This airport ground handling systems market in APAC research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers airport ground handling systems market segmentation in APAC by mode (independent GHPs and self-handling) and geography (China, India, Japan, and Rest of APAC). The airport ground handling systems market in APAC report also offers information on several market vendors, including ADELTE Group SL, Cavotec SA, IMAI AERO EQUIPMENT MFG. Co. Ltd., John Bean Technologies Corp., Mototok International GmbH, SATS Ltd., Swissport International AG, The Emirates Group, Transworld Aviation FZE, and Tronair Inc. among others.

What will the Airport Ground Handling Systems Market Size in APAC be During the Forecast Period?

Download the Free Report Sample to Unlock the Airport Ground Handling Systems Market Size in APAC for the Forecast Period and Other Important Statistics

Airport Ground Handling Systems Market in APAC: Key Drivers, Trends, and Challenges

The increasing air passenger traffic is notably driving the airport ground handling systems market growth in APAC, although factors such as ground handling incidents may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the airport ground handling systems industry in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Airport Ground Handling Systems Market Driver in APAC

One of the key factors driving growth in the airport ground handling systems market in APAC is the increasing air passenger traffic. The fundamental reason for this is economic and demographic growth: the expanding middle class is driving up airline traffic. Air traffic is predicted to expand at a rate of 6% per year on average between now and 2035, with world economic growth of 3% per year. The introduction of low-cost airlines offering competitive fares on popular locations is the second development element. Airlines have expanded their fleet sizes to meet the expanding demand for air travel as passenger traffic has increased. Thus, with the increased frequency of flights or aircraft movements, the demand for airport ground handling systems to support ground operations is expected to rise during the forecast period.

Key Airport Ground Handling Systems Market Trend in APAC

Technological advancements is another factor supporting the airport ground handling systems market share growth in APAC. The future need for airport ground handling systems is likely to be fueled by the adoption of sophisticated technology for airport handling with systems such as electric aircraft tugs, fueling automation systems, and augmented reality (AR) glasses for ramp handling operations. The increasing adoption of advanced technologies such as the Internet of things (IoT) and artificial intelligence (AI) have increased the demand for ground handling systems. The adoption of automation across industries is termed the Fourth Industrial Revolution or Industry 4.0. This has increased the focus on developing smart systems with the integration of machine learning and big data analytics. The use of robotic systems controlled by remote computers integrated with machine learning is used in industrial facilities to process minimal human interventions. The market is growing due to severe safety, security, and emission requirements and regulations. Recyclability, equipment mobility, and the conversion of gasoline and diesel-powered ground-support equipment to electric and hybrid fleets are all examples of market advances.

Key Airport Ground Handling Systems Market Challenge in APAC

The ground handling incidents will be a major challenge for the airport ground handling systems market in APAC during the forecast period. The functioning of an airport ramp is quite complicated. Ground handlers must coordinate various activities in a small space surrounding a highly expensive plane in a short amount of time. Precision, delivery, and safety depend on how successfully the various team members work together. The community of ground handlers collaborates. Ground handling events are on the rise across the world, leading to personnel injuries and aircraft and property damage. This will act as a challenge for the market in focus during the forecast period.

This airport ground handling systems market in APAC analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges�

Owing to the increasing internet user base and favorable market conditions, India has a lot of potential in the e-commerce industry. Growing at an exponential rate, the market value of the e-commerce industry in India was 125 billion U.S dollars in 2024. This number was estimated to reach 550 billion U.S. dollars by 2035. E-commerce platforms The competition in the e-commerce business in India is fierce. The market is filled with many local and foreign companies trying to hold the maximum market share. Flipkart and Amazon were the leading ecommerce retailers in the country. Moreover, electronics and apparel are the most popular shopping categories among Indian consumers. Growing trend of e-commerce Increasing growth in the e-commerce industry is attributed to several reasons. Digitizing the economy and the provision of affordable internet are a few of many reasons that boosted the growth of digital sales in India. In 2024, the e-commerce sales across India were estimated to increase by over 19 percent. Consequently, the revenue-generating potential has also increased. The average retail e-commerce revenue collected per user was more than 85 U.S dollars.

The median age in India was 27 years old in 2020, meaning half the population was older than that, half younger. This figure was lowest in 1970, at 18.1 years, and was projected to increase to 47.8 years old by 2100. Aging in India India has the second largest population in the world, after China. Because of the significant population growth of the past years, the age distribution remains skewed in favor of the younger age bracket. This tells a story of rapid population growth, but also of a lower life expectancy. Economic effects of a young population Many young people means that the Indian economy must support a large number of students, who demand education from the economy but cannot yet work. Educating the future workforce will be important, because the economy is growing as well and is one of the largest in the world. Failing to do this could lead to high youth unemployment and political consequences. However, a productive and young workforce could provide huge economic returns for India.

The gross domestic product (GDP) in current prices in Japan was about 4.03 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 2.90 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 960 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.