Forecast: Total Tourism GDP in India

The tourism GDP in India has shown a consistent upward trend from 2012 to 2024, reaching a value of 2.06 in 2023. From 2024 onwards, the data is forecasted and indicates a continuation of this gradual increase. Noteworthy is the year-on-year variations which show moderate positive growth throughout the period, with slight setbacks such as in 2013 and 2019. Over the last five years (2017-2022), the CAGR stands at approximately 0.27%, reflecting a modest but steady annual growth. Forecasts suggest a similar pace with a 5-year CAGR of 0.21% from 2022 to 2027.

Future trends to watch for in the Indian tourism sector include the impact of digital transformation, increasing domestic tourism, and sustainable tourism practices. Additionally, the development of niche tourism segments such as eco-tourism, wellness tourism, and cultural tourism could drive growth further. Assessing the policy changes and international travel regulations post-pandemic will also be crucial for accurate future projections.