India’s booming outbound travel story may be heading for a temporary reset as rising currency pressures and the Prime Minister’s recent remarks encourage travellers to rethink overseas holidays. Industry experts believe the shift may not come through regulatory restrictions, but through behavioural changes already visible in the market.
Speaking to ET Now, Atul Thakkar from Anand Rathi Investment Banking said the government is unlikely to take abrupt tax-related measures such as increasing Tax Collected at Source (TCS) on overseas travel, especially after recently lowering it in the Union Budget.
