Its only going go do its 1st test sometime this year, apparently full production is around 2030-2031 (so prob 2032)
And it also assumes that sukhoi's went through the 'super' upgrade.
So safe to say there China will have something new by then
Something to keep in mind is that majority of the people's whose income/quality of like that has improved over the years are only the ones who could afford university education, in india's 1.4 billion thats only about 300-400 million people
View attachment 157391
Because India went into the IT/service industry first and not into low cost low end manufacturing as much, the bottom 1 billion people havnt seen as big shift into being uplifted.
And Since 2020 the cities in india are seeing reverse-migration, where 42% of workforce was in agriculture in 2019 which in 2024 was up 46% ( and projected to grow more in 2025)
I would say their consuming class is much smaller than 120M (or China's is much larger than 600M.)
On average, they consume between 1/10th to 1/40th of what China does for hallmark discretionary consumer (not staples) items like luxury cars, high end phones or even food delivery mentioned in the chart:
- Zomato:
Zomato, as of fiscal year 2023, processed roughly 1.77 million orders daily, totaling 647 million for the year, says a LinkedIn post.
- Meituan:
Meituan, in contrast, achieved a peak of 78 million daily orders in August 2023. Furthermore, Tech in Asia reports that they reached a record of 120 million daily orders