Govt should consider lowering TCS on overseas tour packages to increase outbound tourism: Report

Updated: Jul 30 2023 5:01PM

New Delhi, Jul 30 (PTI) The government should consider lowering TCS on overseas tour packages and allow foreign cruise vessels to operate on Indian waters besides other steps to increase outbound tourism, a report said on Sunday.

The report titled "Unlock the Potential: A Look into Outbound Tourism", drafted by Nangia Andersen LLP in collaboration with FICCI said that India's outbound tourism market is projected to rise by 11.4 per cent CAGR between 2023 and 2032.

The growth in the Indian travel and tourism industry is driven by a combination of rising income levels and changing lifestyles, development of diverse tourism offerings and policy and regulatory support by the government authorities, it added.

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