Latest RBI data reveals a significant decline in spending by Indians on foreign travel, reaching a multi-month low of $1.09 billion in March. This downward trend began even before Prime Minister Narendra Modi's appeal to conserve foreign exchange. Factors such as global uncertainties, Middle East tensions, a stronger US dollar, and rising airfares have made international travel more expensive. Additionally, expenses for overseas education and property acquisition have also seen a decrease as the government emphasizes domestic tourism and local spending.
https://www.dharitri.com/did-modis-one-word-stop-indians-from-traveling-abroad-rbis-numbers-will-shock-you/
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