Travel and Logistics
India is a large market for travel and tourism. Total contribution by travel and tourism sector to India’s GDP is expected to increase from US$ 136.3 billion in 2015 to US$ 275.2 billion in 2025. Travel and tourism is the third largest foreign exchange earner for India. Indian Logistics Industry is expected to grow at a CAGR of 8.6 percent between 2016 and 2020, which grew at a CAGR of 9.7 percent during 2010-2015. Transportation and Communication accounted for 7.0 percent of the nation's GDP in 2015, accounting for around US $130.44 billion. The key drivers of this growth are infrastructure investment associated with ports, airports, and other logistics development plans, domestic demand growth and increasing trade.
Development of transportation and logistics-related infrastructure such as dedicated freight corridors, logistics parks, free trade warehousing zones, and container freight stations are expected to improve efficiency. Government reform initiatives, promotion of manufacturing and trade, improving investment climate are expected to transform the industry and drive growth between 2016 and 2020.
It is a sun rise industry, an employment generator, a significant source of foreign exchange for the country and an economic activity that helps local and host communities. In the past few years the real growth has come from within the domestic sector as around 30 million Indians travel within the country in a year.
Intensive have a strong understanding of the strategic opportunities available to travel industry participants. As transaction climate remains favourable, we welcome the opportunity to discuss and advise you on industry trends.