About half will come from package tours
India's tourism market will grow by 10 per cent in 2024, bringing in revenue of US$23.7 billion. This is reported by ANI, a partner of TV BRICS, citing expert forecasts. By 2028, the market may grow to US$34.25 billion.
The country had earlier announced 100 per cent foreign direct investment (FDI) in tourism-related ventures, including the development of hotels, resorts and entertainment facilities. The total FDI inflow into India in the fiscal year 2023-2024 will be US$17.96 billion.
Prime Minister of India Narendra Modi claims that India's efforts in this sector are centred on simultaneously preserving the country's rich heritage and building modern infrastructure.
The tourism landscape in India is diverse, with the package tour market being the largest segment, projected to reach US$10.48 billion in 2024. Analysts expect the number of users in the package tour market to grow to US$64.74 million by 2028.
Photo: iStock-
![]()
Tourism15.08.26Vietnam accelerates smart tourism with AI and digital services -
![]()
Tourism13.08.26Egypt welcomes Russia's decision to launch direct flights to Borg El Arab and El Alamein -
![]()
Tourism12.08.26Ghana records growth in tourism as international arrivals exceed 1.3 million -
![]()
Tourism06.08.26Vietnam embraces sustainable tourism as travellers prioritise local communities and greener travel -
![]()
Tourism05.08.26Malaysia leads international visitor arrivals to Indonesia in first half of 2026 -
![]()
Tourism03.08.26Brazil ranks fourth worldwide for growth in international tourism since 2019
-
![Aziz Abdukhakimov]()
Aziz AbdukhakimovAdvisor to the President of the Republic of Uzbekistan on Environmental Issues"First and foremost, I would like to highlight the importance of this Central Asia–Russia initiative, because environmental problems know no borders, and only a shared understanding of these problems and the search for joint solutions can deliver positive results" -
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
