In this article, we will discuss
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The Indian travel industry has grown by leaps and bounds over the years owing to rising disposable income and a rapidly expanding middle-class population. However, the COVID-19 pandemic derailed the industry completely and left its future uncertain. With the fog over the industry lifting, investing in travel stocks in India could potentially be an attractive opportunity to capitalise on the sector’s resurgence.
In this article, we are going to briefly explore the industry and delve into some of the best travel and tourism-related stocks you can consider adding to your portfolio in 2024.
An Overview of the Indian Travel and Tourism Industry
Travel and tourism are the largest among all the service industries in India. In fact, the industry’s contribution to the country’s Gross Domestic Product (GDP) was about 5.9% of the entire Gross Domestic Product (GDP) of India as of FY2022.
According to various estimates, the industry is poised…