Indian outbound tourism market projected to touch US $55 bn by 2034, to exceed 2024 value by US $18.8 bn

The FICCI-Nangia knowledge paper reveals that India’s outbound tourism market is projected to reach over US $55.3 billion by 2034, from the estimated more than US $18.8 billion in 2024, growing at a compound annual growth rate of 11.4 per cent. India’s online travel market is expected to grow at 10.5 per cent CAGR between 2024-29 — from US $17.24 billion to US $28.40 billion.

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