New Delhi, May 19 -- India's travel and tourism sector is expected to grow at around 7 per cent CAGR till FY35, while Europe remained the largest inbound tourism market in 2025, according to a report by Anand Rathi Investment Banking.

The report highlighted the strong long-term growth potential of India's tourism industry, noting a 7% CAGR between FY24 and FY35. It also stated that domestic visits reached 18.6 billion during 2014-24, while foreign exchange earnings nearly tripled to around Rs 18.8 lakh crore.

The report noted that the global travel and tourism sector is in a "sustained structural growth phase," driven by "rising middle-class incomes, AI-led booking adoption, and broad post-pandemic recovery across all geographies covere...