to be followed by a 9.2 percent increase in 2015, according to a forecast by the Global Business Travel Association Foundation. The organization
earlier this year forecast a 2.1 percent increase in 2014 spending but significantly shifted it upward thanks in part to "renewed optimism for the Indian economy on the heels of new pro-business leadership," according to GBTA vice president of Asia/Pacific operations Welf Ebeling. GBTA projects domestic business travel spending in India will grow 9 percent this year, to be followed by similar growth in 2015. International travel spending from India, meanwhile, will grow 4.8 percent this year because of slower trade growth in the first half of this year but then will pick up to a 9.7 percent increase in 2015, GBTA projects.