Rs 1500000000000: Indians spending huge amount of money on ‘second love’, but where is this money going?

Rs 1.50 lakh crore is a lot of money. And yes this is the amount that Indians are now spending. The spending has suddenly it has surged 1000 times in last 15 years.

According to a report by the Times of India, in 2009-10, Indians used to spend the most on education and studying abroad. However, now Indians are spending the most money on travel. During 2025-25, they are spending money on everything, from equity to real estate, but they are spending the most on travel. This means that Indians are now spending more money on traveling abroad than on studies.

Where are Indians going?

Indians are travelling to many countries of the world including Turkey, European countries including France, Mauritius, America, Brazil, China. In 2009, 1.1 crore Indians travelled abroad. This number increased to 2.6 crore before the Covid-19 pandemic. After the Corona pandemic, this number declined rapidly. But, as the situation improved after Corona and in 2022, the number of Indians travelling abroad crossed 2 crore.

How much are Indians spending on travelling?

According to a TOI report, Indians spent $17 million on travel in 2009-10. By 2024-25, this expenditure will increase to $17 billion or about Rs 15 lakh crore (Rs 14,89,24,37,18,900) with an average annual growth rate of 58.2 percent. This growth is about 1,000 (975) times.

What was the cost of studying abroad?

According to the report, Indians are turning to foreign countries to make a better life. Indians are going abroad for higher education and better jobs. In such a situation, good education is very important. Indians are spending a lot on this. They are spending up to $ 9.6 billion on studies abroad in 2024-25 at an annual growth rate of 21 percent. In 2009-10, this expenditure was $ 549 million. This growth has increased 17 times in 15 years.

According to the report, the expenditure of Indians abroad will cross 30 billion dollars by 2024-25. This includes medical expenses and deposits. In 2009-10, this expenditure was 983 million dollars. That is, the total annual growth in these 15 years has reached 25.5 percent. This is a 30-fold growth in the last 15 years.

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