India, the world’s fifth-largest economy, is at a major inflection point, says Melissa Ow, CEO, Singapore Tourism Board. “We announced two major initiatives – Partnering with MakeMyTrip and with PhonePe. As Singapore’s 5th largest market, with more than a million visitors in 2023, the Singapore Tourism Board is optimistic about India’s growth potential,” she said citing a McKinsey report that said Indians made 13 million outbound trips in 2022, which could rise to 40 million in 2030, and 80 million in 2040.
