According to the report titled ‘India Outbound Tourism Market Analysis 2012 - 2017 and Forecast 2018 - 2025,’ available with MarketStudyReport, India outbound tourism market is expected to amass a valuation of USD 45 billion during the period 2018-2025.
 

Rise in the disposable income of people, significant improvement in air connectivity to & from India for foreign locations, and preference for closer proximity & less expensive destinations in Asian countries are propelling the growth of India outbound tourism market.
 

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Besides this, the study depicts the inhibitors that will hamper the industry development during the forecast period. It also enlists the opportunities available for businesses to combat the challenges faced by them and generate lucrative returns for their portfolios.
 

The research suggests that despite the restraints, India outbound tourism industry has become one of the fastest-growing in the world.
 

Going further, it demonstrates key trends concerning traveler visitations and spending, the purpose of visits, and major destinations in the world enticing Indian travelers.
 

The report incorporates historical data from 2012-2017 to provide clear insight into the future estimates over the period of 2018-2025. For instance, it is mentioned that in 2017, India observed over 23 million outbound tourist departures, and it is poised to grow substantially in the forthcoming years.
 

A country-wise analysis covering 16 nations is included in India outbound tourism market document, such as Korea, Japan, Sri Lanka, Taiwan, Nepal, Mauritius, Thailand, Cambodia, Singapore, Hong Kong, China, Canada, United States, New Zealand, Australia, and United Kingdom. Of these, India ranks first in the number of visitor arrivals to Singapore and Thailand. The report also states that the maximum spending of Indian travelers is anticipated to take place in the United States.