Skift India Report: Outbound Travel Expected to Reach $44.7 Billion by 2032

India’s outbound tourism is expected to reach $44.7 billion by 2032, according to a report titled ‘Unlock the Potential: A Look into Outbound Tourism’ by Nangia Andersen, in association with the Federation of Indian Chamber of Commerce and Industry. The report also highlighted the recommendations for growing the future of outbound tourism, which include tax rebates, collaboration with destinations and airlines, streamlining visa processes, among other ideas.

International leisure flight bookings from India have increased by 40% for trips between June and August compared to the same period in 2022, according to travel solutions provider RateGain. The company said this represents the highest level of outbound leisure flight bookings from India in the post-Covid years.

Singapore received the highest flight bookings from India, followed by San Francisco, Melbourne, Toronto, and Bali, according to the report. U.S., Canada and UK are the most booked destinations for the period while Bali and Singapore are the most popular choices in Asia. 

A report published by tourism consultancy and research firm IPK International had highlighted that India had generated Asia’s highest outbound travel volume for the first time in 2022, with foreign trips exceeding those of China, South Korea, and Japan. 

Agoda CEO Omri Morgenshtern during his visit to India in March had said that India could rank among the top three markets for outbound travel in the coming years. That’s a sentiment echoed in Skift Megatrends 2023, in which we reported “India could become the new China.” for outbound tourism. 

Tata Group-owned Air India, which has embarked on a mega transformation plan, said that its wide-body fleet will increas