India could rival China as a leading global outbound market within next 15 years: Mastercard Economics Institute


India is poised to become one of the world’s most significant outbound travel markets over the next decade, with growing disposable incomes, expanding air connectivity, and rising international travel demand. David Mann, Chief Economist AP, Mastercard Economics Institute, said Indian travellers are already boosting tourism spending across destinations, including Sri Lanka, Thailand, Vietnam, Hong Kong, and Japan. “India over the next 10 to 15 years is likely to be one of the bigger demand sources for travel all around the world and could start to rival the outbound demand story we have seen from China over the last decade or more,” he said.



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