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India

Market Overview

Under pressure from global trends, the Indian economy is expected to slow from around 9% GDP growth in the past few years to 7% in 2008/09.

India is emerging as an important source market for New Zealand with visitor arrivals growing strongly over the past three years. India’s outbound tourist traffic is expected to reach 16.2 million by 2011.

New Zealand is a popular destination among honey-mooners and those seeking self-drive itineraries. Indians prefer to visit during their summer - during April and May - making this market an important source of visitors for the autumn shoulder season.

However, the Indian market has struggled with growth momentum across the past year because of higher airfare costs and a severe shortage of air seats over both the Southeast Asia and Hong Kong routes to New Zealand. There is currently no direct air service to New Zealand from India.

Outlook

The impact of the global financial crisis has been felt in India, with the stock exchange plunging to an eighteen-month low in October. The downturn in the stock exchange, the low Rupee and high inflation are all impacting outbound travel, with agents reporting a decline in enquiries and bookings for long-haul holidays.

Despite these conditions, India’s economy is still expected to grow by more than 7 per cent in the year to March 2009 and the Indian appetite for travel continues to grow. The industry expects the number of Indians travelling internationally to reach 12 million by the end of 2008, around 2 million higher than last year.

Fast Facts:

Visitors Arrivals year to date
(Total Arrivals)
23,662 (YE Sep 2008) +12.8%
Median length of stay
(Holiday Arrivals)
9 days (YE Mar 2008)
Average Expenditure per visit
(Holiday Arrivals)
NZ$2,199 (YE Mar 2008)
Forecast average growth in travel to
New Zealand 2008-2014
9% per annum
Population1,147,995,898 (Jul 2008 est.)
Key Regions/citiesNew Dehli, Mumbai
Direct Routes to New ZealandNone
Leave Entitlement21 days
CurrencyIndian Rupee (INR)
Exchange rate

NZ$1-INR$28.74 (01 Nov 2008)

GDP Growth

7.7% in 2008
7.1% in 2009
(Jul 2008 est.)
Per capita GDP (PPP)US$2,784 (2007 est.)
This information was last updated on 1 November 2008. Visit our sources for further information.

Sources:
www.tourismresearch.govt.nz Ministry of Tourism, www.economist.com India Country Briefing, www.reuters.com Exchange Rates, www.cia.gov World Factbook, www.tourismresearch.govt.nz/Data--Analysis/International-tourism/ IVA and IVS, www.tourismresearch.govt.nz/Data--Analysis/Forecasts/2008---2014-Forecasts-National/ Forecasts 2008-2014


 


 

 
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