India’s Inbound Tourism Industry Set for Strong Growth and Investment Opportunities

We are delighted to present our latest Knowledge report, “Inbound Tourism in India – Unlocking the Potential,” in association with FICCI. The report provides a comprehensive overview of inbound tourism in India, highlighting recent trends, challenges, and opportunities. Despite the adverse impact of the COVID-19 pandemic on the tourism industry, India has experienced a consistent growth in foreign tourist arrivals in recent times.

As per the report, it is anticipated that the industry will recuperate in the post-pandemic period with amplified investment in infrastructure, marketing, and promotional activities. However, certain challenges such as high taxes and fees, inadequate infrastructure, and lack of skilled manpower need to be addressed via collaborative efforts between the government and the private sector. Overall, the report provides valuable insights into the present state of inbound tourism in India and its potential for future growth.

Here are our experts’ (Government and Public Sector Advisory) take on the report:

Suraj Nangia- Managing Partner and Head (Government and Public Sector Advisory), Nangia Andersen LLP said:

“The report aims to provide insights into the current scenario of Inbound tourism in India. It can be leveraged to create and implement policies & initiatives that aim to enhance the attractiveness of India for visitors and improve their experience during their stay. Additionally, the report is anticipated to assist investors and developers in identifying opportunities for growth and investment in the tourism industry.

Poonam Kaura – Partner, Government & Public Sector Advisory, Nangia Andersen LLP said:

“Our comprehensive report addresses five key priority areas within the tourism industry, namely Green Tourism, Digitization, Skill Development, Nurturing Tourism MSMEs, and Destination Management. Additionally, it expounds upon the nation’s strategic vision for tourism, looking ahead to the year 2047, and highlighting how technological and digital advancements will shape its development.

The Knowledge report was presented and released during the 12th edition of the Great Indian Travel Bazaar (GITB) in association with FICCI, organized by the Ministry of Tourism, Government of India, and the Tourism Department of Rajasthan, held in Jaipur. The event witnessed over 11,000 B2B meetings of 283 tour operators from 56 countries, including 150+ from G20 countries, with the representatives of Tourism Boards from 10 states, apart from Rajasthan, along with more than 290 Indian Exhibitors.

Click here to access the report: Inbound Tourism in India – Unlocking the Potential