Brexit effect: Short-term spurt in outbound

With the British pound taking a hard hit as the UK voted to leave the European Union, the fall by over 8 per cent to Rs 91.36 within a day is expected to increase India’s outbound traffic to the UK. Guldeep Singh Sahni, President, Outbound Tour Operators Association of India (OTOAI), says that it will mainly benefit Indian travellers who are immediately travelling to the nation. “The outbound surge will be momentary – outbound tourism will increase till the GDP remains low. But things are very unpredictable as of now due to the uncertain circumstances,” he said.