A series of bold investmentsExperts say much of India’s outbound growth trajectory is being driven by improvements in infrastructure and an expansion in its aviation sector.
Morgenshtern says the rise in outbound tourism from India is the result of investment not just by the government but by private airlines as well.
Air India, for example, is fully owned by Indian conglomerate Tata Sons.
As part of its efforts to expand its offerings, the company announced earlier this year it will be operating flights under both the Air India brand and Air India Express, having previously merged the latter with Tata’s other low-cost airline, AirAsia India.
In February, Air India purchased nearly 500 new planes, the most ever bought in one order by a single airline.
Persons:
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Organizations:
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Locations:
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