India’s travel and tourism sector is on track to reach 10% of the country’s GDP, up from its current 7%, according to the World Travel and Tourism Council. The industry’s rapid expansion is fueled by government investments, sustainability initiatives, and a growing demand for eco-conscious travel.
Key Highlights:
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- The sector is expected to grow at an annual rate of 7%, surpassing global averages
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- Prime Minister Narendra Modi’s administration has increased investments to enhance infrastructure and boost tourism-led economic growth
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- India is reducing its carbon intensity faster than the global average, with a 13% decline in emissions from the travel sector
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- The government is developing 50 top tourist destinations in partnership with states to ensure world-class facilities and connectivity
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- Foreign exchange earnings through tourism reached $28 billion, with India ranking 14th globally in tourism receipts
With sustainability at the forefront, India’s tourism industry is poised to become a major driver of economic progress, creating jobs and transforming communities.
Sources: MSN News, Lokmat Times, Economic Times