How much Indians spend per month on foreign travel?
23 Mar 2023
Zinkpot
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Money Control - Based on available data of Indians' vast spending on foreign travel, it appears that Indians have already spent $11.4 billion in the current fiscal year, against $6.90 billion in the previous fiscal. Read more
According to Reserve Bank data on output remittances, Indians are spending nearly USD 1 billion every month on foreign travel, which is significantly more than the pre-COVID levels.
In January, for instance, they spent nearly $1.49 billion on foreign travel, which represents a sequential increase of over 31% from the $1.13 billion spent in December 2022. Moreover, it also marks in increase of over 50% from January 2022 when they spent $989 million on foreign travel.
Europe, Indonesia, Vietnam, Thailand and Dubai are some of the major destinations that Indians prefer.
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