India's travel industry may not overtake China soon but there are still 'massive' opportunities
Publishing timestamp: 2023-03-24 01:08:42
Summary
India's airline industry is on a strong growth trajectory, but analysts do not expect India's outbound travel to overtake China's soon due to the massive gap between their aviation markets. However, there is potential for growth in India's domestic and international travel market, as the country's middle class expands and more residents travel abroad for the first time. The Indian government is investing in infrastructure to support the growth of the aviation sector, and Indian airlines are expected to double their fleet in the next five to ten years.
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Keywords: covid-19, asia economy, travel, business news, india, singapore airlines ltd, airlines,
Source: https://www.cnbc.com/2023/03/24/india-outbound-travel-market-wont-overtake-chinas-soon-analyst.html