India will require 1,150 new commercial planes worth $130 billion over the next 20 years, the Chicago-based company said in a statement in New Delhi. In July 2009, the plane maker forecast demand for 1,000 planes worth about $100 billion over two decades.

Boeing and Airbus SAS, the world’s two biggest aircraft makers, have boosted sales in India as a doubling in per capita incomes over the past five years and the start of discount carriers makes air travel more affordable. The nation’s airline passenger numbers may climb to a record 50 million this year from 44 million last year, Boeing said.

“There is strength and resilience in the Indian commercial sector,” Dinesh Keskar, president of Boeing’s local unit, said in the statement. “The potential for future growth of air travel, both domestically and internationally, is among the greatest in the world.”