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India’s tourism bonanza continues as foreign arrivals hit record high
MUMBAI: India’s tourism sector is roaring back to life, with foreign tourist arrivals surging to nearly 100 million last year—the highest on record. The ministry of tourism announced that 99.5 million foreigners visited India in 2024, up from just 15.3 million during the pandemic-ravaged year of 2021.
The recovery has been spectacular. Foreign exchange earnings from tourism more than quadrupled from Rs 64,000 crore in 2021 to Rs 293,000 crore in 2024. Tourism’s share of GDP has jumped from a measly 1.5 per cent in 2020-21 to 5.2 per cent in 2023-24, making it a significant economic driver.
Americans lead the charge, with 1.8 million visitors in 2024, followed closely by Bangladeshis at 1.75million. The British, Australians and Canadians round up the top five source markets. Notably, Australia saw its visitor numbers soar from just 34,000 in 2021 to over 518,000 in 2024.
The boom has created jobs too. Employment in tourism rose from 68 million positions in 2020-21 to 84.6 million in 2023-24, providing livelihoods for millions across the country.
Union minister for tourism and culture Gajendra Singh Shekhawat shared these figures in parliament, highlighting how India has bounced back from the travel restrictions that decimated global tourism. International tourist arrivals, including non-resident Indians, reached 206 million in 2024.
The numbers suggest India is capitalising on pent-up demand for travel as the world emerges from the pandemic’s shadow. With its rich cultural heritage, diverse landscapes and competitive costs, India appears well-positioned to maintain this momentum.
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Boeing appoints Barun as head of FP&A for global engineering function
Seasoned finance leader to steer budgets and strategy across global centres
BENGALURU: Boeing’s finance cockpit has a new pilot, and he is no stranger to turbulence or transformation. Boeing has appointed Barun as head of FP&A for global engineering, placing him at the centre of financial strategy for its worldwide engineering and technology operations.
Based in Bengaluru, Barun steps into a role that is as expansive as it is critical. He will serve as the primary finance lead for Boeing’s Engineering and Technology Centers globally, working closely with executive leadership to shape financial decisions, manage complex budgets, and design scalable finance processes that support the company’s growing engineering footprint.
In a note announcing his move Barun said, “I’m excited to share that I’ve joined Boeing Global Engineering. This opportunity is incredibly meaningful to me not just from a professional standpoint, but also for what Boeing represents globally.” He added that he looks forward to contributing to an organisation that continues to shape the future of aerospace and innovation.
Barun’s mandate spans strategic financial leadership, operational oversight, and stakeholder engagement. From directing large-scale budgets and schedules to influencing long-term organisational goals, the role blends financial discipline with business foresight. He will also lead cross-functional teams and partner with finance colleagues worldwide to support engineering programmes across geographies, including India.
The appointment caps a long stint at Juniper Networks, where Barun spent over a decade, most recently as finance senior manager. There, he led FP&A for global product business units and G&A functions, driving budgeting, forecasting, and long-range planning. He also played a key role in enterprise-wide transformation, including spearheading an Oracle to SAP ERP migration and building advanced analytics capabilities using tools such as Tableau and SAP Analytics Cloud.
His earlier career includes finance leadership roles at Sony India Software Centre, Cognizant Technology Solutions, and Mphasis, where he focused on financial planning, governance frameworks, and operational efficiency across global delivery centres.
A chartered accountant from the Institute of Chartered Accountants of India, Barun brings nearly two decades of experience across financial planning, digital transformation, and analytics-led decision making.
His appointment comes at a time when global engineering operations are becoming increasingly complex and distributed, requiring sharper financial oversight and agile planning. With Barun at the helm of FP&A for engineering, Boeing appears to be tightening its financial playbook as it looks to scale innovation with discipline.
