Impact of Operation Sindoor on India’s Tourism Industry
Operation Sindoor, India’s precision strikes on terrorist camps in Pakistan following the April 22 Pahalgam attack, has disrupted India’s tourism industry.
The Nifty India Tourism Index fell 5% since the incident, with IndiGo cancelling 165 flights and northern airports closing until May 10.
Stocks of IndiGo, SpiceJet, Thomas Cook, and Easy My Trip declined, while hotel chains like Indian Hotels and Lemon Tree showed resilience, buoyed by strong FY23–25 earnings.
A prolonged India-Pakistan conflict risks reducing Foreign Tourist Arrivals (FTAs), critical for airline and hospitality revenues and foreign exchange.
India’s 2024 FTAs were 9.7 million, with a goal to double by 2030, now jeopardised by geopolitical tensions.
Read More at Moneycontrol
