Indian tourism sector to double to $523 years in 10 years: WTTC chief
- IBEF
- December 16, 2024
The World Travel and Tourism Council (WTTC) projects that India's tourism sector will grow significantly, reaching a value of US$ 523 billion in the next decade, doubling its current size of US$ 256 billion. This growth is expected to create approximately 18 million new jobs, increasing total employment in the sector to 63 million. WTTC President and CEO, Mrs. Julia Simpson, emphasized India's rich cultural heritage and hospitality as key tourist attractions. Currently, tourism contributes about 7% to India's economy. It is vital in employing various skill levels, from high-end professionals to those entering the formal workforce.
Simpson also highlighted the environmental impact of tourism, noting that it accounts for about 5% of India's greenhouse gas emissions, primarily carbon dioxide. While the sector is growing, emissions have not increased at the same rate, indicating improved efficiency. She called for collaboration with the Indian government to promote sustainable practices, particularly in aviation, by incentivizing the production of sustainable aviation fuel. Additionally, Simpson stressed the importance of protecting coastal areas from climate change and enhancing natural landscapes, which are crucial for attracting tourists. She commended India's commitment to renewable energy under Prime Minister Modi's leadership, suggesting that these efforts will position India as a leading developing economy.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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