Indian tourism sector booms despite economic downturn

Published on : Friday, September 20, 2019

The Independence Day speech, on August 15, delivered by Indian Prime Minister Narendra Modi from the ramparts of the Red Fort, encouraging tourism in the country seems to have undoubtedly given a boost to this sector.

 

Interestingly, when warnings of recession and slowdown are being heard in sectors like auto, realty, and manufacturing, the tourism industry is booming. According to Global Business Travel Association, tourism is the third largest foreign exchange earning sector in the country. India is the 10th largest travel market in the world, and will stand at sixth place by the end of 2019, the association added.

 

According to the report, the tourism sector is also one of the biggest creators of employment in India, and till FY 2017-18, as many as 8.11 crore people were connected to this sector, and the same has increased to about 10 crores.

 

Daniel D’Souza, president and country head, SOTC travel agency, said, “The employment in the sector has also been growing in small towns and cities nowadays. It doesn’t only include soft skills, sales and operations. But we also need people who will work as guides at various destinations or people who can talk to tourists.”

 

Over 10 lakh foreign tourists visit the country every year, and their number is expected to rise in the coming years. Looking at the immense possibilities in this sector, the government has targeted to bring in two crores of foreign tourists by 2020, as it will also double the nation’s foreign earnings.

 

According to the World Economic Forum Travel and Tourism Competitiveness Report 2019, India is ranked at 34th position, which was 40th in 2017. India is the only lower middle income category country which is privileged to be in the top 35. The tourism sector is seeking to get industry status and pay attention to aspects like GST.

 

Notably, tourism sector in 2018 was the third largest contributor to bring foreign exchange to India. The state governments along with the Centre are also excited about this sector. The Uttar Pradesh government has allocated a massive fund of Rs 720 crore from its budget in this fiscal to strengthen the tourism infrastructure.

Related Posts

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 WTM London 2019
  • 18 HMIS 2019
  • 20 uzakrota Istanbul 2019
  • 22 DRT SHOW India 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. DRT SHOW INDIA

      October 18 - October 20
    2. HICAP

      October 23 - October 25
    3. AviaDev Europe

      October 23 - October 25
    4. BANGLADESH INTERNATIONAL TOURISM FAIR

      October 24 - October 26
    5. ILTM CHINA

      October 30 - November 1
Get our toolbar!
Review www.travelandtourworld.com on alexa.com