Study shows that Indian tourism sector has the possibility to grow by 2.5 percent

Published on : Monday, October 23, 2017

Indian tourismAccording to a recent report, the Indian travel and tourism sector has a possibility to grow by 2.5 percent in terms of higher budgetary allocation and low cost healthcare facility.

 
According to the joint study carried out by Assocham and Yes Bank, travel sector has huge possibility of growth by 2.5 percent if the budgetary allocation was improved from the current 0.09 percent of the total allocation to a minimum 0.15 percent in 2018-19 respectively. Also, the study disclosed developmental interferences, including tourism infrastructure development and the emergence of tourism themes to the flourishing industry.

 
As per the World Trade and Tourism Council, contribution of travel & tourism to Indian GDP was USD 208.9 billion that accounted 9.6 percent of GDP in last year. On the other hand, it’s predicted to increase by 6.7 percent this year and 10.0 percent of GDP in the impending 2027, “The formation of National Tourism Authority (NTA) also needs to be taken up on priority and position it as an important authority,” an Assocham spokesperson said.

 
He further added by saying that NTA has the possibility to be the nodal agency for different activities like investment promotion, escalation resolutions, marketing, developmental planning and implementation coordination, and others.

 
Mentioning that India is a rapidly growing destination, transforming into a medical and wellness tourism hub of Asia as a result of superior quality health services available at low cost treatment, the report highlighted that the treatment of major surgeries in India charge approximately 20 percent of that in developed countries.

 
“Creation of Medical hubs through PPP will boost medical tourism. Wellness tourism should be promoted by marketing indigenous methodologies such as Yoga and Ayurveda,” it suggested.

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Your email address will not be published.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 AIME 2019
  • India UAE
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 10 adventureshowindia 2018
  • 10 OTM 2019
  • 10 Routes Americas 2019
  • 11 BLTM 2019
  • 11 Digital Travel 2019
  • 14 SATTE 2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. IITM Kochi

      Jan 3, 2019 - Jan 5, 2019
    2. IITT

      Jan 10, 2019 - Jan 12, 2019
    3. TTF Bengaluru

      Jan 15, 2019 - Jan 17, 2019
    4. SATTE

      Jan 16, 2019 - Jan 18, 2019
    5. MATKA 2019

      Jan 17, 2019 - Jan 20, 2019
Get our toolbar!
Review www.travelandtourworld.com on alexa.com