Growth of Tourism and Hospitality Industry - Infographic

The tourism sector is projected to contribute US$ 250 billion to the country’s GDP by 2030, generating employment for 137 million individuals.

Advantage India

Robust
Demand

* Drawing upon world-class healthcare amenities and traditional healing practices, medical tourism and wellness retreats entice 21% of international travelers.

* 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.

* According to WTTC, over the next decade, India’s Travel & Tourism’s GDP is expected to grow at an average of 7.1% annually.

Robust Demand

Attractive
Opportunities

* India is geographically diverse and offers a variety of cultures that come with its own experiences, making it one of the leading countries in terms of international tourism expenditure.

* Travel and tourism are two of the largest industries in India, with a total contribution of about US$ 199.6 billion to the country’s GDP.

* The government has taken steps to boost investments in facilitate spiritual tourism with states like Uttar Pradesh developing tourist circuits and Uttarakhand and West Bengal enhancing infrastructure for pilgrims.

Attractive Opportunities

Policy
support

* In the 2024 interim Budget, Finance Minister Ms. Nirmala Sitharaman allocated Rs. 2,449.62 crore (US$ 294.8 million) to the tourism sector, a 44.7% increase from the previous fiscal year.

* The Ministry of Tourism launched the Swadesh Darshan Scheme to develop theme-based tourist circuits, sanctioning 76 projects. Upgraded to Swadesh Darshan 2.0 (SD2.0).

* The Prime Minister, Mr. Narendra Modi inaugurates and unveils 52 tourism sector projects valued at over Rs. 1,400 crore (US$ 168.5 million) under the Swadesh Darshan and PRASHAD Scheme.

Policy Support

Diverse
Attractions

* India is geographically diverse and offers a variety of cultures that come with its own experiences, making it one of the leading countries in terms of international tourism expenditure.

* Airport enhancement and the spread of regional airports are opening new opportunities for business, and for drawing larger visits from tourists.

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

Diverse Attractions
Last updated: May, 2024

States with Largest Domestic Tourist Arrivals in 2021

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

Posters

MORE
Travel and Tourism Companies in India

Travel and Tourism Companies in India

Approximately 8000 years old, India is the world's oldest surviving civilsation.

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

Financial Resurgence: A Comprehensive Exploration of the Recent Boom in Mutual Fund Investments in India

Financial Resurgence: A Comprehensive Exploration of the Recent Boom in Mutual Fund Investments in India

Mutual funds play an indispensable role in capital markets, serving as a gateway for individuals and institutions to access a diverse range of securit...

Transforming India's Logistics Sector: Challenges and Opportunities

Transforming India's Logistics Sector: Challenges and Opportunities

The logistics industry plays a vital role in the dynamic economic landscape of India by enabling the efficient movement of goods and services througho...

Promoting Indigenous Start-ups: Case Study of Investor Interest in Small-town Start-ups

Promoting Indigenous Start-ups: Case Study of Investor Interest in Small-town Start-ups

As urban markets become saturated, investors are turning their gaze towards the untapped potential of small-town innovation, driven by a desire to fos...

IBEF BLOG

MORE
Promoting Diversity: Women's Entrepreneurship and Economic Empowerment in India
8 May 2024

Promoting Diversity: Women's Entrepreneurship and Economic Empowerment in India

Women empowerment is a transformative force that goes beyond mere gender pa...

Start-up Ecosystem: Fostering Innovation and Entrepreneurship in India's Tech Industry
8 May 2024

Start-up Ecosystem: Fostering Innovation and Entrepreneurship in India's Tech Industry

In recent years, India has rapidly risen as a global powerhouse within the ...

Infrastructure Development: Indian Railways’ Plan for Enhanced Passenger Experience
2 May 2024

Infrastructure Development: Indian Railways’ Plan for Enhanced Passenger Experience

In India's big web of transportation, Indian Railways is like an import...

Partners
Loading...