Currently, travel and tourism is a growing sector in India that continues to make a significant contribution to the country’s GDP. Over the years, there has been tremendous progress in this sector. The livelihood of a large number of people in the country depends on travel and tourism. With the increase in demand for tourism, various government and private initiatives have been taken. Which will further enhance the rise of this sector in the future.

About GDP?

GDP is the unit of measurement of the total monetary value of all finished goods and services within a specified period of time within a country. India, like other countries in the world, measures the economic health of the country through GDP. Different countries use different methods of measuring GDP. Although its definition is easy to say in one word, its measurement is just as complex.

Features and importance of Indian Tourism

India is a large market for travel and tourism for its geographical location, pleasant climate, and stunning natural beauties which continue to attract many tourists from home and abroad throughout the year. In addition, UNESCO (United Nations Educational, Scientific and Cultural Organization) has designated 40 places in the country as World Heritage Sites. Which plays a very important role in the development of tourism in the country.

Govt Initiatives

India’s Ministry of Tourism has adopted a number of policies to accelerate tourism. There are other projects like Incredible India, Swadesh Darshan, Atulya Bharat Abhiyan campaign Scheme that is also encouraging tourism. Honorable Prime Minister Shri Narendra Modi has called upon the people to participate in the “Dekho Apan Desh” campaign to encourage tourism by visiting any of the 15 tourist destinations in the country by 2022. India has been recognized as a spiritual destination that will help increase the country’s revenue from domestic and foreign tourists. In 2021, the Ministry of Tourism is promoting a number of tourism products to boost the country’s revenue like-

• Cruise
• Adventure
• Medical
• Wellness
• Golf
• Polo
• Meetings Incentives Conferences & Exhibitions(MICE)
• Eco-tourism
• Film Tourism
• Sustainable Tourism
• Rural Tourism

Take Your Pledge

Direct Contribution to GDP

Travel and tourism are dynamic sectors in the country. Its contribution to the Indian economy over the years is staggering. Most of the tourism revenue in India comes from the country’s travelers. According to WTTC (World Travel and Tourism Council), India ranks 10th out of 185 countries in terms of travel and tourism contribution to GDP in 2019. India’s travel and tourism sector contributed 6.8% to the country’s GDP in 2019. The service cost was 194 billion US dollars. In 2020, the report said, only 4.6% contributed to the GDP for denial of permission to airlines to operate commercial flights due to the Covid-19 pandemic situation, valued at 121.9 billion US dollars.

Indirect Contribution

Travel and tourism as a revenue instrument have been directly and indirectly cooperating with other sectors of the country in various ways. On the one hand, it is creating huge jobs in every calendar year, and on the other hand, it is encouraging the sectors associated with this tourism such as transportation (road, railways, shipping, aviation), hotels, resorts, restaurants sector. At present, the number of foreign tourists in India has increased a lot. Which has lengthened the country’s foreign exchange earnings. The Government of India has extended a helping hand through the implementation of the new visa policy and the massive advertisement of tourism products.

In 2019 top ten countries for foreign tourist arrivals in India.

Finally, we got a detailed idea of how big a role the travel sector plays in the Indian economy. I hope you enjoyed this handy information. You can post a comment and share this with your friends and colleagues on multiple social network sites. Thank you very much.

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