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Foreign Travel

Indians spent a record amount on foreign travel in 2022. Here's how much

An analysis of tourism data shows that India earns significantly more from foreign tourists coming to India than what Indians spend abroad

Indians spent a record amount on foreign travel in 2022. Here's how much
Updated On : 03 Mar 2023 | 9:36 PM IST

Indians spend over $1 bn every month on foreign travel: RBI data

Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances. During the April-December period of 2022-23, the outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals towards 'travel' was USD 9.95 billion. The corresponding spending on travel during 2021-22 was USD 4.16 billion, and USD 5.4 billion in the pre-Covid year 2019-20, according to the RBI data. The outward remittances towards travel were USD 7 billion in the entire 2021-22 financial year. "Indians are roaming across the world with their families or friends. Vietnam, Thailand, Europe, and Bali are some major destinations that Indians prefer," said Sapan Gupta, Partner, We3Online. Europe, Indonesia, Vietnam, Thailand, and Dubai are some of the major destinations that Indians prefer. Akash Dahiya, Co-founder, SanKash said that with the rise of affordable travel and technologi

Indians spend over $1 bn every month on foreign travel: RBI data
Updated On : 22 Feb 2023 | 7:02 AM IST

Indians spent nearly $10 billion on foreign travel in April-December

Before this, the highest spend on overseas travel in an entire financial year was $7 billion in 2019-20

Indians spent nearly $10 billion on foreign travel in April-December
Updated On : 20 Feb 2023 | 10:25 AM IST

Cong MP's notice in LS, seeks details on PM's 'foreign travels with Adani'

The notice says, Discussion on Prime Minister's foreign travel with industrialist Gautam Adani and the benefit the group received in foreign tenders.

Cong MP's notice in LS, seeks details on PM's 'foreign travels with Adani'
Updated On : 09 Feb 2023 | 10:41 AM IST

China urges 'final victory' over Covid as global concern mounts over spread

China has been particularly critical of decisions by some countries to impose a requirement for a Covid test on its citizens, saying they are unreasonable and lack scientific basis

China urges 'final victory' over Covid as global concern mounts over spread
Updated On : 04 Jan 2023 | 9:29 AM IST

No reason China should retaliate over Covid travel restrictions: US

China has said it would hit back at nations that impose new rules on its travelers, dismissing the measures as "political goals

No reason China should retaliate over Covid travel restrictions: US
Updated On : 04 Jan 2023 | 8:36 AM IST

Outbound travel picks up, India remains top source for several countries

Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals

Outbound travel picks up, India remains top source for several countries
Updated On : 01 Jan 2023 | 9:49 PM IST

53 international arrivals found Covid positive as random testing continues

5,666 samples of passengers were collected for Covid-19 testing. Of the total samples collected, 53 international travellers tested positive for Covid, said the source

53 international arrivals found Covid positive as random testing continues
Updated On : 01 Jan 2023 | 6:58 AM IST

Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data

International travel contributed over $970 million or 50 per cent of $1.92 billion remitted by Indians in October 2022

Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data
Updated On : 20 Dec 2022 | 10:45 PM IST

PM's foreign trips helped put forward India's viewpoint, shape agenda

An expenditure of little over Rs 239 crore was incurred in Prime Minister Narendra Modi's visit to various foreign countries in the last five years, according to details provided by the government in Rajya Sabha on Thursday. Minister of State for External Affairs V Muraleedharan said these visits have enhanced understanding of India's perspectives on regional and global issues among its foreign partners at the highest level. "The objective of the prime minister's visits abroad has been to foster closer relations with foreign countries and promote India's engagements at regional and global level," he said. Muraleedharan was replying to a question in Rajya Sabha on the prime minister's visits, their outcomes and details of expenditure incurred on each of the visits in the last five years. The minister said such visits are an important means by which India serves its national interest and implements foreign policy objectives. "Understandings reached during these visits have enabled I

PM's foreign trips helped put forward India's viewpoint, shape agenda
Updated On : 08 Dec 2022 | 7:13 PM IST

Sri Lanka health ministry removes Covid curbs for international arrivals

Sri Lanka's Health Ministry on Wednesday said it has removed Covid-19 restrictions that were in place on for foreign arrivals

Sri Lanka health ministry removes Covid curbs for international arrivals
Updated On : 07 Dec 2022 | 3:59 PM IST

Indian govt allows Lankans to hold $10,000 worth of rupee in cash

SL banks must open nostro accounts with Indian banks

Indian govt allows Lankans to hold $10,000 worth of rupee in cash
Updated On : 28 Nov 2022 | 11:32 PM IST

Going abroad? Declare pre-existing disease even when buying travel policy

Take country, trip duration, and your age into account when deciding on the sum insured

Going abroad? Declare pre-existing disease even when buying travel policy
Updated On : 19 Oct 2022 | 10:23 PM IST

Indians remitted $2.67 billion in August under LRS scheme, shows data

According to RBI data, in August, Indians remitted $467.52 million for overseas education, $330.70 million for maintenance of close relatives, and $221.31 million in gifts.

Indians remitted $2.67 billion in August under LRS scheme, shows data
Updated On : 17 Oct 2022 | 11:37 PM IST

Festive demands up airfares by 20-30% on key routes across country

The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data

Festive demands up airfares by 20-30% on key routes across country
Updated On : 03 Oct 2022 | 9:08 AM IST

Pack your bags, travel: How to make the most of your international holidays

Lucrative discounts and packages lure Indians: here is how to choose the best deals

Pack your bags, travel: How to make the most of your international holidays
Updated On : 30 Sep 2022 | 6:58 PM IST

Hold talks to extend TRIPS waiver to Covid diagnostics: Piyush Goyal to G20

Goyal said if multilateralism was imperilled, the world will not be left with many fora to promote dialogue and diplomacy

Hold talks to extend TRIPS waiver to Covid diagnostics: Piyush Goyal to G20
Updated On : 22 Sep 2022 | 9:09 PM IST

850,000 Indians visited till June, average stay 3-4 nights: Dubai Tourism

A senior Dubai Economy and Tourism official said UAE will soon start issuing five year multiple entry visas. The move is expected to attract Indians to make more trips to Dubai.

850,000 Indians visited till June, average stay 3-4 nights: Dubai Tourism
Updated On : 26 Aug 2022 | 10:47 PM IST

Indians remitted $6 bn in Q1FY23 under LRS scheme, shows RBI data

Spend on international travel accounts for 48% of total remittance

Indians remitted $6 bn in Q1FY23 under LRS scheme, shows RBI data
Updated On : 21 Aug 2022 | 11:23 PM IST

Delhi min challenges provision of seeking Centre's approval to visit abroad

Delhi Transport Minister Kailash Gahlot approached the high court here challenging the provision of seeking prior permission from the Central government for foreign visits by the CM, ministers

Delhi min challenges provision of seeking Centre's approval to visit abroad
Updated On : 01 Aug 2022 | 2:24 PM IST