FCM Travel Solutions India and KPMG release white paper on business travel in India

FCM Travel Solutions India recently released a white paper on business travel in India. The white paper looks at the emerging trends and opportunities business travel in India faces and highlights how travel in India will treble from the present level by 2030 and will grow at the rate of 12% over the next five years. India is currently ranked among the top ten business travel markets having spent over $29.6 billion in 2015 and this cost is expected to triple to US$ 93 billion by 2030.  The growth is down to a collaboration of industry sectors but led by IT, pharmaceuticals and auto and construction.

Jaideep Ghosh, Partner and Head, Transport, Leisure and Sports, KPMG in India said, “Despite some recent economic speedbumps, the business travel market remains incredibly robust and dynamic with a number of countries such as India, China, Germany and Canada, growing at a remarkable rate. The report predicts that India will emerge as a leader in business travel spending over the next decade or so. In fact when one looks at India, one sees one of the highest growth rates in business travel in the entire world. If India continues on that trend, in another 15-20 years, it will surpass the U.S. as well and be second only to China. In fact India is statistically where China was close to 15 years."

To read the full white paper please email inquiry inquiry@us.fcm.travel