Forecast: International Tourist Arrivals in India

The analysis of international tourist arrivals in India indicates a notable growth trend from 2013 to 2023, with arrivals increasing from 6.968 million in 2013 to 21.325 million in 2023. The year-on-year variations have generally exhibited positive growth, with significant jumps in certain years such as 2014 with an 88.1% increase and more modest increases like the 4.02% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 4.12%, reflecting moderate growth. However, the forecasted data for 2024 onwards suggests a slower CAGR of 2.63%, projecting a total growth rate of 13.87% over the next five years.

Key future trends to watch for include:

• The impact of global economic conditions on international travel.
• The effects of geopolitical factors and travel policies on tourist volumes.
• Potential growth in tourism due to increased investment in hospitality and infrastructure.
• Post-pandemic travel behavior and changes in tourism patterns.