M!CE TOURISM

According to the 2018 FICCI report titled ‘India Inbound Tourism: Unlocking the Opportunity', M!CE tourism in India was pegged at `25,000 crore with an eight per cent growth y-o-y.

Growth figures for global M!CE tourism were pegged at a compound annual growth rate of 7.5% and were expected to reach 1.2 trillion dollars (about `70 lakh crore) by 2023. All these figures were scrambled with the onslaught of the pandemic.