Indian Passport Emerges as Second Cheapest Worldwide!

A recent study conducted by Australian firm Compare the Market AU has unveiled fascinating insights into the affordability and accessibility of passports worldwide. The study, which compared passport acquisition costs across various countries, sheds light on the Indian passport’s remarkable standing.

Most Cost-Effective Passport

The study reveals that the Indian passport ranks as the second cheapest passport to obtain globally. What sets it apart is its exceptional cost-effectiveness, particularly when evaluated in terms of “cost per year” of validity.

The study highlights that an Indian passport costs just $18.07 for a 10-year validity period, translating to a mere $1.81 per year.

UAE Takes the Top Spot

While the Indian passport is commendably affordable, the UAE passport clinches the top spot as the most affordable passport worldwide. Not only does it boast a low acquisition cost, but it also offers extensive visa-free access to numerous countries. This makes it a highly attractive option for travellers seeking a budget-friendly way to explore the world.

Visa-Free Access

It’s important to note that affordability comes with a trade-off. The Indian passport offers visa-free access to 62 countries, a respectable number but lower compared to powerhouses like the USA, Canada, and Australia. These passports come at a steeper price but boast greater visa-free mobility.

Key Findings of the Study

1. Visa-Free Access: Indian passport holders enjoy visa-free access to 62 nations, showcasing a reasonable level of global mobility.

2. Cost Comparison: The study evaluated passport acquisition costs, considering both the upfront fees and the duration of validity. The Indian passport requires a modest fee of $18.07 for a 10-year validity period.

3. Cost per Year of Validity: In terms of cost per year of validity, the Indian passport emerges as the most economical option, with a mere $1.81 expenditure per year.

Passport Power vs. Cost

While the Indian passport offers affordability, its visa-free access is comparatively limited. This disparity highlights a common trend where nations like Australia, the USA, and Canada offer broader visa-free access at a higher expense.

Notable Insights

Contrary to popular belief, the study refutes the notion that the United States passport is the most expensive globally. Mexico takes the lead with the highest passport acquisition cost, followed closely by Australia.

• Mexican Passport: Costs $231.05 for a 10-year validity period.
• Australian Passport: Costs $225.78 for a similar duration.

Conclusion

The study underscores the complex interplay between passport cost, duration of validity, and visa-free access. While the Indian passport emerges as a cost-effective option, travellers must consider their specific mobility needs when selecting a passport.