Rising contribution to India’s GDP
Introduction
Tourism & Hospitality Sector (including Travel and Hospitality services such as hotels and restaurants) has been universally recognized as an agent of development and an engine for socioeconomic growth. According to WTTC’s India Benchmarking Report 2015, every USD 1 million in Travel and Tourism spending in India generates USD 1.3 million in GDP. During 2014-16, the Government has undertaken various initiatives through policy interventions and by enabling infrastructure development to make ‘Incredible India’ a ‘must revisit, must experience’ destination. As a result of these initiatives, the sector has registered a phenomenal growth in domestic tourism, foreign tourist arrivals, foreign exchange earnings, and employment opportunities.
Continue reading “Tourism & Hospitality Sector – Achievements Report”
Attractive opportunities
India has a diverse portfolio of niche tourism products – cruises, adventure, medical, wellness, sports, MICE, ecotourism, film, rural and religious tourist.
India is expected to receive nearly half a million medical tourists by 2015, implying an annual growth of 30 percent.
