The GBTA Foundation, the education and research arm of the Global Business Travel Association, has released the results of its first GBTA BTI Outlook – India report, a semi-annual business travel outlook and overall economic analysis of India. The report includes the GBTA BTI; an index of business travel spending that distills market performance over a period of time.

Key highlights of the report include:

After a period of economic growth stuck below 5 percent along with soaring inflation, GBTA projects total business travel spending for India to grow 2.1 percent in 2014 to $24.9 billion USD. An improved outlook for the Indian economy, however, should bring business travel spend back on track in 2015 as GBTA expects 7.6 percent growth to $28.8 billion USD.

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