India is one of the fastest-growing economies in the world, and the business travel spend that originates there is expected to reach $33 billion in 2016. India is the 10th largest global business travel market, and GBTA expects the country to climb into the sixth spot by 2019. In July, GBTA had estimated that business travel spend growth from the second quarter of 2015 to the second quarter of 2016 would come in at 10.2 percent. Now that those numbers are final, GBTA has found that business travel spend grew 10.9 percent during that period.
GBTA expects domestic business travel spend, which it estimates represented 91.4 percent of India’s total business travel spending in 2016, to increase 12 percent to $30.2 billion in 2016 and to reach $33.8 billion in 2017.