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Home / Did you know / Tourism added ₹15.24 lakh Crore @ 9.4% of India’s GDP in 2017 and supported 41.622 million jobs

Tourism added ₹15.24 lakh Crore @ 9.4% of India’s GDP in 2017 and supported 41.622 million jobs

February 24, 2019:

Travel & tourism is the largest service industry in India.

Tourism in India
Tourism in India

It provides heritage, cultural, medical, business & sports tourism.

The main objective of this sector is to develop & promote tourism, maintain competitiveness of India as tourist destination & improve & expand existing tourism products to ensure employment generation & economic growth.

Tourism in India is important for the country’s economy & is growing rapidly.

The World Travel & Tourism Council calculated that tourism generated ₹15.24 lakh crore(US$210 billion) or 9.4% of India’s GDP in 2017 & supported 41.622 million jobs, 8% of its total employment.

The sector is predicted to grow at an annual rate of 6.9% to ₹32.05 lakh crore (US$450 billion) by 2028 (9.9% of GDP).

In October 2015, India’s medical tourism sector was estimated to be worth US$3 billion, & it is projected to grow to US$7–8 billion by 2020.

In 2014, 184,298 foreign patients traveled to India to seek medical treatment.

According to WTTC, the total contribution of Travel & Tourism to employment was 41,622,500 jobs in 2017 (8.0% of total employment).

This is forecast to rise by 3.1% in 2018 to 42,898,000 jobs (8.1% of total employment).

By 2028, Travel & Tourism is forecast to support 52,279,000 jobs (8.4% of total employment), an increase of 2.0% pa over the period.

Source PTI

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