International tourism receipts in India have shown significant variation over the past years, peaking at 5.8 in 2019 before a steep decline in 2020 to 2.77 due to the COVID-19 pandemic. Following the downturn, receipts rebounded strongly in 2021 with a 55% year-on-year increase, maintaining momentum with 21.38% growth in 2022 and 11.78% in 2023. In 2023, tourism receipts stood at 5.82.
Forecasts from 2024 to 2028 suggest a period of stabilization with minor annual increases, achieving 5.84 by 2028. The forecasted 5-year CAGR is a modest 0.04%, indicating minimal growth in the upcoming years.
Future trends to watch for:
- Potential impacts of global economic conditions on tourism.
- Government policies promoting sustainable tourism.
- Technological advancements enhancing travel experiences.
- COVID-19 variants and global health security measures.
