Indian Tourism and Hospitality Industry Analysis

In FY20, 39 million jobs were created in the tourism sector in India, which was 8.0% of the total employment in the country.

Advantage India

Robust
Demand

* The Medical Tourism sector is predicted to increase at a CAGR of 21.1% from 2020-27.

* The travel market in India is projected to reach US$ 125 billion by FY27 from an estimated US$ 75 billion in FY20.

* International tourist arrivals are expected to reach 30.5 million by 2028.

Robust Demand

Attractive
Opportunities

* Government is providing free loans to MSMEs to help them deal with the crisis and revive the economy, including the tourism sector.

* Post the pandemic crisis, the government plans to tap into regional tourism by opening doors for South Asian country tourists.

Attractive Opportunities

Policy
support

* In the Union Budget 2022-23, Rs. 2,400 crore (US$ 309.13 million) has been allocated to the Ministry of Tourism which is 18.42% higher than the allocation for FY 2021-22.

* In August 2022, Ministry of Tourism sanctioned 76 projects for Rs. 5,399.15 crore (US$ 678.39 million) under Swadesh Darshan Scheme for development of tourism infrastructure in the country.

Policy Support

Diverse
Attractions

* India offers geographical diversity, attractive beaches, 37 World Heritage sites, 10 bio-geographic zones, 80 national parks and 441 sanctuaries

* The country’s big coastline is dotted with several attractive beaches.

Diverse Attractions
Last updated: Dec, 2022

States with Largest Domestic Tourist Arrivals in 2021

  • Tamil Nadu
  • Uttar Pradesh
  • Andhra Pradesh
  • Karnataka
  • Maharashtra
  • Telangana
Tourist Spots in India

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