Market Intelligence

Indian boating market: High taxes and a lack of marinas continue to thwart growth, but potential is there

IBI , by Mike Derrett2020-12-22T15:40:00

Aashin Mongia

IBI’s Asia correspondent Mike Derrett speaks with Aashim Mongia, chairman of the Indian Marine Federation, about the leisure boating industry in India.

India is the world’s second-largest country in terms of population with a rising middle class but it also has high levels of income disparity. Although small, the country’s leisure marine market has considerable potential once obstacles to growth are overcome.

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