Orchestra 
DIGITAL WORLD
BRICS+ Media Centre 
MODERN RUSSIAN 
The market is expected to grow to US$34.25 billion by 2028
The travel and tourism market in India will reach a revenue of USD 23.72 billion in 2024, growing at a CAGR of 9.62 per cent from 2024 to 2028.
To boost the growth of the tourism sector, India has announced 100 per cent foreign direct investment (FDI) in tourism-related businesses in 2023, allowing investments in hotels, resorts and recreational facilities. Prime Minister of India Narendra Modi emphasised that India's efforts in tourism are aimed at preserving the country's heritage and developing world-class infrastructure.
Some of the key highlights include the emergence of the package holidays market as the largest segment, which is projected to reach US$10.48 billion in 2024. This is reported by ANI, a partner of TV BRICS.
By 2028, this segment is projected to have 64.74 million travellers and an average revenue per user of US$209.70. Online sales are projected to account for 60 per cent of the total revenue share of the travel and tourism market.
Moreover, in line with global trends, the Indian tourism industry is shifting towards sustainable practices and eco-friendly travel options to attract visitors.
Photo: iStock
-
![]()
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 -
![]()
Tourism27.07.26China to expand visa-free entry and digital border services for international travellers -
![]()
Tourism27.07.26Indonesia expands wellness tourism strategy to strengthen global travel competitiveness -
![]()
Tourism24.07.26Egypt attracts record number of Uzbek tourists in first half of 2026 -
![]()
Tourism19.07.26Thailand targets 33 million international tourists in 2027 with sustainable tourism strategy
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
