The Indian travel and tourism industry in India is likely to see a tremendous growth this year
on the because of new government policies, visa reforms, according to a report by the World
Travel and Tourism Council. India’s travel and tourism economy is supposed to grow more
than 10% in 2016 over last year trends, exceeding the 6.9% growth that the global forum has
predicted for the South Asian region. In 2014-15 the travel industry contributed Rs 7.6 trillion
and 36.6 million jobs to the Indian economy.
By the end of 2016, the travel and tourism sector
will contribute more than Rs 10 trillion or 8% of India’s gross domestic product (GDP) and 37 million jobs almost more than 9% of total employment in India, the report said.
India has an excellent opportunity to benefit from new visa reforms,
government support to industry and infrastructure improvements under the new government
In last November 2015, India expanded the visa on arrival scheme to 43 nations from 12 countries earlier.
Government wants similar facility for 150 countries.
Investment in the travel and tourism industry is likely to rise by 10% in 2016 over 2015
when travel and tourism investments in the India is accounted for Rs 2.12 trillion,
or 6.02% of total investments received.
It should be rise by more than 6.5% per annum over the next 10 years to Rs 4500 billion in 2025
or 7% of the total, travel and tourism industry is the sector which has the potential to
contribute to 50 million jobs to the India economy by 2025.
Source : http://www.axissoftech.com/blog/contribution-of-travel-tourism-industry-to-gdp-and-employment-in-india/
Regards,
Brij Sharma
Student Team Ambition
on the because of new government policies, visa reforms, according to a report by the World
Travel and Tourism Council. India’s travel and tourism economy is supposed to grow more
than 10% in 2016 over last year trends, exceeding the 6.9% growth that the global forum has
predicted for the South Asian region. In 2014-15 the travel industry contributed Rs 7.6 trillion
and 36.6 million jobs to the Indian economy.
By the end of 2016, the travel and tourism sector
will contribute more than Rs 10 trillion or 8% of India’s gross domestic product (GDP) and 37 million jobs almost more than 9% of total employment in India, the report said.
India has an excellent opportunity to benefit from new visa reforms,
government support to industry and infrastructure improvements under the new government
In last November 2015, India expanded the visa on arrival scheme to 43 nations from 12 countries earlier.
Government wants similar facility for 150 countries.
Investment in the travel and tourism industry is likely to rise by 10% in 2016 over 2015
when travel and tourism investments in the India is accounted for Rs 2.12 trillion,
or 6.02% of total investments received.
It should be rise by more than 6.5% per annum over the next 10 years to Rs 4500 billion in 2025
or 7% of the total, travel and tourism industry is the sector which has the potential to
contribute to 50 million jobs to the India economy by 2025.
Source : http://www.axissoftech.com/blog/contribution-of-travel-tourism-industry-to-gdp-and-employment-in-india/
Regards,
Brij Sharma
Student Team Ambition
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