Indian Economy and Socio-Political Scenario and Outboud Travel Business
Economy
India has become the 4th largest economy in 2025, surpassing Japan and growing at ~7% GDP, driven by infrastructure projects. PHDCCI urges tax reforms to boost disposable income and consumption. RBI may cut interest rates by 25 bps due to falling CPI inflation.
Travel Trends & Forecast
Over 27.7mln outbound traveler in 2023 - predicted to reach 50 mln by 2030, the world's fastest growing travel markets. Tourism spend is on the rise and forecast confirm to reach USD 55.5bln by 2033. 100mln passport holders (1/3rd of the 300mln middle class - 400mln by 2030) - 14,5 mln passports issued in 2024.
530k millionaires, 285+ billionaires (ranking 3rd after China and USA) driving international luxury travel. Indians prefer experiential travel including culture, food, wellness/ wellbeing, adventure, sports, music. VFR and 25mln Indian diaspora and large Indian student community influence travel; ~ 70 visa-free countries in South East Asia etc. Times of India and Ernst & Young released an Indian Consumer Travel Report in February 2025 highlighting consumer behaviour and travel choices focused on experiences.
Aviation & Infrastructure
Air traffic is expected to to hit 170mln travellers by 2025, 300mln by 2030. With USD 11bln investment in airport development, Mumbai and New Delhi will open second airports, and many airport expansions and new airports to open in tier II cities.
Social Media
India is #1 globally with ~900 million+ internet users, driven by affordable data plans, mobile-first adoption, digital engagement. E-commerce market size expected to reach $350 billion by 2030, fuelled by rising incomes and digital penetration. Over 1 billion digital transactions per day by 2025, reinforcing India's dominance in fintech and mobile payments. OTT streaming consumption surging, with 500 million+ users, India is a global leader in digital entertainment.