Outbound trips from India will surpass USD 42 billion by 2024 and the government could bring about certain policy changes to boost this growing market, a report said. The report' titled 'Outbound Travel and Tourism - An Opportunity Untapped' by Nangia Andersen LLP in association with FICCI, highlights the up-and-coming Indian travel market and outline a framework for creating a more value for money experience for Indian tourists and travellers.
To facilitate ease of doing business and promote the interests of Indian firms dealing in outbound travel the government could look at steps like increasing direct connections to popular and upcoming destinations, allowing foreign cruise vessels to operate on Indian waters, besides taking concerted and coordinated efforts on multiple fronts to propel the outbound tourism market, the report said.
Nangia Andersen LLP Head - Government and Public Sector Advisory Suraj Nangia said Indian outbound tourism is going to surpass USD 42 billion by 2024.
"We are soon going to be the most populous country in the world with the fastest growing economy. The Indian outbound travel market is among the fastest growing markets globally with approximately 80 million passport level of purchasing power, especially among the middle class."
Read more at: https://economictimes.indiatimes.com/industry/services/travel/indias-outbound-tourism-to-surpass-usd-42-bn-by-2024-report/articleshow/93415761.cms