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News india / tourism Maldives Impact 8.0/10 3 min read
Decline in Indian Tourists Resulted in Over MVR 2 Billion in ‘Lost’ Revenue: Opposition

Decline in Indian Tourists Resulted in Over MVR 2 Billion in ‘Lost’ Revenue: Opposition

Former Finance Minister Ibrahim Ameer stated that President Mohamed Muizzu's policies and insults by deputy ministers towards Indian PM Narendra Modi caused MVR 2.3 billion in tourism losses. Three deputy ministers—Malsha Shareef, Mariyam Shiuna, and Abdulla Mahzoom Majid—made insulting remarks, leading to an Indian boycott campaign. As a result, Indian tourist arrivals fell by 47,000 compared to the previous year, costing MVR 450 million in taxes. The Indian market had grown 83% in 2019, but in 2023 arrivals were 264,753, down 6.9% from 2022. The opposition Maldivian Democratic Party (MDP) highlighted the losses.

Former Finance Minister Ibrahim Ameer stated that President Mohamed Muizzu's policies and insults by deputy ministers towards Indian PM Narendra Modi caused MVR 2.3 billion in tourism losses. Three deputy ministers—Malsha Shareef, Mariyam Shiuna, and Abdulla Mahzoom Majid—made insulting remarks, leading to an Indian boycott campaign. As a result, Indian tourist arrivals fell by 47,000 compared to the previous year, costing MVR 450 million in taxes. The Indian market had grown 83% in 2019, but in 2023 arrivals were 264,753, down 6.9% from 2022. The opposition Maldivian Democratic Party (MDP) highlighted the losses.

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Maldives Republic

Published

Jun 30, 2024

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Former Finance Minister Ibrahim Ameer stated that President Mohamed Muizzu's policies and insults by deputy ministers towards Indian PM Narendra Modi caused MVR 2.3 billion in tourism losses. Three deputy ministers—Malsha Shareef, Mariyam Shiuna, and Abdulla Mahzoom Majid—made insulting remarks, leading to an Indian boycott campaign. As a result, Indian tourist arrivals fell by 47,000 compared to the previous year, costing MVR 450 million in taxes. The Indian market had grown 83% in 2019, but in 2023 arrivals were 264,753, down 6.9% from 2022. The opposition Maldivian Democratic Party (MDP) highlighted the losses.

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