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

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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