Business Standard

Indians spent a record amount on foreign travel in 2022. Here's how much

An analysis of tourism data shows that India earns significantly more from foreign tourists coming to India than what Indians spend abroad

airports, passengers, flight, air travel
Premium

France's Louvre museum attracted nearly as many foreign tourists in 2019 as the whole of India

Sachin Mampatta Mumbai

Listen to This Article

India's foreign travel bills collectively never exceeded a billion dollars in a month till 2022. Then it happened six times in 2022.

On a rolling 12-month basis, the overall number touched $12.7 billion at the end of 2022. This is the highest for any one-year period for at least a decade. There are some gaps in remittance numbers before this time, but it is unlikely to have been higher. Indians spent less than $100 million in 2012. Spends have risen steadily in the last few years and more than doubled since 2019 (chart 1).

An analysis of tourism data shows

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2023 | 11:08 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com