Tourism In India Growth

Tourism in india is important for the countrys economy and is growing rapidly.

Florida visit quarantine. But now the fabric of tourism is changing rapidly as nature heritage and recreational destinations are gaining more importance. The sector is predicted to grow at an annual rate of 69 to 3205 lakh crore us450 billion by 2028 99. In india temple towns historical monuments and sea beaches were traditionally sought out as tourist attractions.

Tourism industry to incur rs 125 trn revenue loss in 2020 on business standard. For a country with a population of 125 billion people that is a minimum of 125 billion tourist visits. The growth of tourism in india although steady is quite not up to the expectation.

The indian government has also released a fresh category of visa the medical visa or m visa to encourage medical tourism in the country. According to world travel and tourism council india will be a tourism hotspot from 2009 2018 having the highest 10 year growth potential. Its impact on employment and economic development.

Growth of tourism in india. In this background eco tourism has of late become a top attraction for the tourists. The ministry of tourism is the nodal agency for the development and promotion of tourism in india and maintains the incredible india campaign.

During april june the indian tourism industry is expected to book a revenue loss of rs 69400 crore denoting a year on year y o y loss of 30 per cent. As mentioned earlier india is a vast country of great beauty and diversity and her tourist potential is equally vast. This is encouraging and makes the sector an essential cog to the new india growth story.

Tourism in india has a strong relevance to economic development cultural growth and national integration. The indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in india. The world travel and tourism council calculated that tourism generated 1691 lakh crore us240 billion or 92 of indias gdp in 2018 and supported 42673 million jobs 81 of its total employment.

Read more about covid 19 impact. The launch of several branding and marketing initiatives by the government of india such as incredible india and athiti devo bhava has provided a focused impetus to growth. Indias medical tourism industry has been on the rise in recent years and could grow to be a 9 billion industry by 2020.

Tourism in india has significant potential considering the rich cultural and historical heritage variety in ecology terrains and places of natural beauty spread across the country.