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The Global Business Travel Association (GBTA) Foundation announced the results of its latest GBTA BTI Outlook – India report, a semi-annual analysis that relates unfolding economic events at home and abroad to their resulting impacts on India’s business travel market. The report, sponsored by Visa Inc, reveals continued double digit business travel spending growth for India, making it one of today’s fastest growing business travel markets in the world.
Gaurav Sundaram, Regional Director, GBTA India, said, “If it continues on its current path, India is poised to be a world leader in business travel for decades to come. The growth rate of business travel in India is on par with other leading industries in the country showing once again business travel playing an important role as a driver of economic growth and jobs.”
The GBTA Foundation report forecasts 10.7% growth in business travel spending in 2016, followed by another 10.2% in 2017 reaching $36.1 billion USD. India remains the 10th largest business travel market in the world, moving up five spots since 2000.
GBTA expects India will continue to ascend the market rankings and is likely to jump four spots over the next five years, becoming the 6th largest business travel market in the world by the end of 2019. In fact, India is expected to leapfrog Brazil this year and could surpass both South Korea and Italy in 2017.
Source: travelnewsdigest.in
 Foundation announced the results of its latest GBTA BTI Outlook – India report, a semi-annual analysis that relates unfolding economic events at home and abroad to their resulting impacts on India’s business travel market.… "Pin It")