iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

India's overseas travel would exceed USD 42 billion by 2024, according to a report

8 Aug 2022 , 09:50 AM

The paper, “Outbound Travel and Tourism – An Opportunity Untapped,” by Nangia Andersen LLP in collaboration with FICCI, examines the developing Indian travel market and lays out a plan for giving Indian visitors and travellers more for their money.

The government could consider measures like boosting direct connections to well-liked and up-and-coming locations, allowing foreign cruise ships to operate in Indian waters, as well as taking concerted and coordinated efforts on numerous fronts to boost the outbound tourism market, the report said. This would facilitate ease of doing business and promote the interests of Indian firms dealing in outbound travel.

Head of Government and Public Sector Advisory at Nangia Andersen LLP According to Suraj Nangia, Indian outbound travel would top USD 42 billion by 2024.

According to the analysis, allowing international cruise ships to call at Indian locations will promote both inbound and outbound travel and boost earnings for Indian ports.

Indians spent over USD 12.6 billion on international travel in 2021 compared to USD 22.9 billion in 2019. The report said that while the epidemic may have contributed to the decline in spending, these numbers highlight the enormous value that can be gained from Indian outbound travellers.

Related Tags

  • India Tourism
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.