India's total business travel spend in 2014 is projected to grow 2.1 percent year over year to $24.9 billion, and in 2015 increase 7.9 percent to $28.8 billion,

according to the Global Business Travel Association Foundation. The education and research arm of GBTA this month released its first BTI Outlook—India report, a semi-annual business travel and economic analysis. The foundation projects India's domestic business travel spending, which comprises 90 percent of the country's total business travel spending, in 2014 to grow 2.2 percent. Thanks in part to recent election results, which GBTA indicated could provide a boost in business and investor confidence, domestic business travel spend in 2015 will advance 7.7 percent to $24.2 billion, according to the report. India's international outbound business travel spending is expected to grow 1.1 percent this year and 7 percent next year. "The recent landslide victory of Narendra Modi and the Bharatiya Janata Party in India's May elections have renewed optimism for more pro-business reforms and accelerated infrastructure investment," said GBTA vice president of operations for Asia/Pacific Welf Ebeling. "Even incremental success in these efforts should eventually spark greater economic and business travel growth."