About India
India, a country in South Asia is the second-most populous country of approx 135 crore plus people, the seventh-largest country of 3.287 million sq.km by area & the most populous democracy in the world.
Keeping the above figures in mind, it’s not wrong to say that India is emerging as one of the fastest growing major economies in the world & is also expected to be one of the top three economic powers of the world over the next 10-15 years, being backed by the right democracies & correct partnerships.
Thus, India has the World’s largest truly Independent Tourism Market. The added advantage being that there are no Government restrictions on Travel or Foreign Exchange.
Tourism is one of the largest & most rapidly growing industries in India today. Yes, an industry in itself as it not only provides entertainment & exposure to the people that wish to explore new destinations & areas outside their comfort & home zones. But it also provides employment to a large number of people, while also being responsible for some country’s economies.
India not only supports budget travellers but also has the most avid travellers in every category & class. Recently our travel graphs saw a whopping approx 50 million International Travellers exploring the world in a year. Interestingly, since 2000 an exponential rise has been seen in the number of people travelling outside the country for leisure & various other reasons.
Talking about some of the Metro Cities – we have major city hubs like Mumbai, Chennai, Kolkata, Hyderabad, Bangalore, Pune & Ahmedabad, with New Delhi being our Capital. India has around 32 International Airports all around the country where we have some major carriers landing & flying out of our country… Mumbai & New Delhi being the main & major airports boasting of most international flights in & out of the country.
Apart from that we have various Domestic Airports & great intercity connectivity plans like rail & road which makes travelling easier & smooth for people.
If we see the Demographic Dividend of India, it is noticed that the balance of Power & Economics is shifting to Asia, and very soon India will be the Driver of all Economies.
With more than 65% of the population being below 35 yrs of age, india will rise as an economic superpower, supplying more than half of Asia’s potential workforce over the coming decade.
Keeping the above statistics in mind, India has risen to the world’s fifth-largest economy by nominal GDP & is the third-largest by purchasing power parity, with a minimum 4-5% ever increasing power every year!
This is because India’s total household wealth is valued at $5 trillion, while the country is home to 2.45 millionaires with most of them at their mid-thirties age group.
When we look at the Outbound Tourism the following trend is noticed widely amongst the Travellers…
- Multiple Annual Leisure Trips – International + Domestic
- Exploring New Destinations
- Experiential Tours for Honeymooners
- Soft Adventure Tourism gaining popularity
- Destinations with Visa on Arrival preferred.
Plus, Tourism Industry has always been influenced by the below factors as well:
- Me Too Factor
- Coverage on Social Media Platforms
- Bollywood & TV Coverage
- Ease of Access (Flights & VISA)
- Explorer Mentality (early adaptors)