Indian outbound tourism market to cross $15 billion in 2023, says NIMA chief
1 year, 2 months ago

Indian outbound tourism market to cross $15 billion in 2023, says NIMA chief

The Hindu  

Post Covid, the outbound tourism market has been growing steadily and this growth momentum is expected to continue till about 2032, an industry executive said. “India’s outbound tourism market is surging and set to reach $15.2 billion in 2023, with an anticipated 11.4% CAGR through 2032,” said Gajesh Girdhar, Chairman, Network of Indian MICE Agents at travel show BLTM 2023. He also said that India is fast emerging as a MICE tourism destination and that it would attract a large number of visitors. Moscow has also started Moscow MICE Ambassador programme in India to promote the capital city as a preferred destination for business tourism.

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