In 2023, international travel receipts in India stood at 34.61 billion US dollars. The forecasted figures indicate a steady increase, with international travel receipts expected to reach 35.93 billion US dollars in 2024, 37.25 billion US dollars in 2025, 38.55 billion US dollars in 2026, 39.85 billion US dollars in 2027, and 41.12 billion US dollars in 2028.
Year-on-year percentage variations are as follows:
• 2024: 3.8%
• 2025: 3.7%
• 2026: 3.5%
• 2027: 3.4%
• 2028: 3.2%
On average, the compounded annual growth rate (CAGR) over the next five years is expected to be around 3.5%.
Future trends to watch for include the impact of emerging markets, acceleration of digital transformation in the tourism sector, and policy changes that might further influence travel behaviors. Additionally, factors such as geopolitical stability and global economic conditions will be crucial in shaping the trajectory of international travel receipts in India.
