New Delhi, June 18 -- India's online travel agency (OTA) market is expected to grow to Rs 3,835 billion by FY28, expanding at a compound annual growth rate (CAGR) of around 13 per cent, according to a report by Motilal Oswal.

The report said this growth is significantly higher than the projected 6.1 per cent CAGR for the global OTA market, driven by strong domestic travel demand, rising digital adoption, and an underpenetrated online travel ecosystem.

The share of online travel bookings in India is expected to increase to 65 per cent by FY28 from the current 54 per cent, reflecting the growing shift toward digital platforms.

Globally, the travel and tourism industry is also witnessing strong growth and is expected to record an 8.2 per ...