Business • Jul 02, 2025

India's middle class fuels global travel boom

Big news for travel lovers: a new Boston Consulting Group report says global leisure travel spending could hit $15 trillion by 2040, with India and China leading the charge.
Thanks to India's growing middle class and tech-savvy young people, more folks are choosing experiences over things—outpacing spending in industries like pharma and fashion.

TL;DR

Travel is bouncing back fast in India after COVID-19

Travel is bouncing back fast in India after COVID-19, with Millennials and Gen-Zers steering both domestic and international trips.
Indian travelers are now exploring niche interests like food tours and religious journeys—mirroring wider Asian trends.
Even with economic ups and downs, the desire for new adventures remains strong as rising incomes open up more possibilities.