Indias outbound tourism market is on track for significant growth, projected to reach INR 5.01 trillion by 2030. This surge is attributed to several key factors including increasing incomes, the proliferation of digital platforms, and the simplification of visa processes. As a result, the compound annual growth rate (CAGR) from 2024 is expected to be 14.27%, with more than 50 million Indians anticipated to embark on international journeys.
The rise in disposable income among the Indian population is a primary driver of this trend, enabling more individuals and families to afford overseas travel. Additionally, the expansion of digital platforms has made it easier for travelers to research, plan, and book their trips, further fueling the growth of this market.
Visa facilitation has also played a crucial role in this expansion. Many countries are streamlining their visa processes or offering e-visas to Indian tourists, making it more convenient for them to visit international destinations. This combination of economic growth, technological advancement, and improved accessibility is setting the stage for a robust increase in Indias outbound tourism over the next few years.