India’s travel and tourism industry is poised for significant growth this financial year as more people travel overseas or make time for short getaways despite rising airfares, as per a new study.
Collectively, revenue is expected to increase by about 30% in the ongoing financial year, and by about 18% over pre-pandemic peaks, ratings agency Crisil said in a statement. For 2024-25, however, growth in India’s travel and tourism industry is expected to moderate at 12-14%, given the high base of FY2024.
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