India’s Event Budgets grow by 12% yearly: IBTM India Survey

The India meetings and events market is growing dramatically according to a new market research study with 51 per cent of respondents to the India Meetings & Events Industry Survey 2014 reporting an increase in the number of events they have organised in the last 12 months (to July 2014) and 73 per cent expecting the number of events they organise to increase in the next 12 months. The research was sponsored by IBTM India and Cvent and analysed by The Right Solution on behalf of CAT Publications. Average budgets for events have been increased by 11.6 per cent in the past 12 months and organisers are predicting a further leap of 12 per cent in the next 12 months.