Analysis: Will Indians’ appetite for foreign travel continue unabated?

India’s outbound tourism market size in 2022 was estimated to be USD 15163.4 million, which is projected to rise by 11.4 per cent CAGR between 2022 and 2032 and reach USD 44799.9 million. India’s impressive rebound as a source market for outbound travel in Asia and Europe is a positive sign for the tourism industry, indicating a growing demand for travel.

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