Market Potential
India is one of the fastest growing markets of outbound tourists. Even in the present economic scenario, the Indian economy continues to grow at about 6% every year.
A market of over 10 million people traveling overseas and growing at 17% each year
Why the Indian Outbound Travel Market will continue to grow
Strong Economy : India is the second fastest growing economy in the world, with a GDP growth rate of 9.4% for the fiscal year 2006-2007. There is an ever growing class of millionaires who can afford to travel abroad.
No Advisories : Unlike many countries, Indian Government does not issue travel advisories frequently.
Increasing Flights : Flights are increasing significantly between major cities of India and other countries, especially in the European, American, SE Asian & Middle East regions.
Better Return on Investment : The huge market size, untapped potential and relatively stable currencies of India ensure better returns on each marketing dollar spent in India.
Graphical Representation of Data
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