While the entire India tourism market is estimated to record a a compound annual growth rate (CAGR) of 7-8 percent, spiritual tourism will grow 9-10 percent for next 5-7 years. Spiritual tourism which played a major role in the recovery of tourism in India in the post-Covid period was valued at around $56 billion in FY23, up from $44 billion in 2020.
While the entire India tourism market is estimated to record a a compound annual growth rate (CAGR) of 7-8 percent, spiritual tourism will grow 9-10 percent for next 5-7 years. Spiritual tourism which played a major role in the recovery of tourism in India in the post-Covid period was valued at around $56 billion in FY23, up from $44 billion in 2020. While the entire India tourism market is estimated to record a a compound annual growth rate (CAGR) of 7-8 percent, spiritual tourism will grow 9-10 percent for next 5-7 years. Spiritual tourism which played a major role in the recovery of tourism in India in the post-Covid period was valued at around $56 billion in FY23, up from $44 billion in 2020. Moneycontrol Latest News Read More
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