The WTTC’s newest Economic Impact Report says that the contribution of travel and tourism to India’s economy might go up to almost Rs. 15.9 trillion this year, which is 1% more than the levels of 2019.
Levels of work are expected to produce nearly 35 million travel & tourism jobs, marking a growth of 8.3% this year.
India’s travel & tourism’s GDP in the next decade is anticipated to develop at an average of 7.8% on a yearly basis, as compared to 6.7% of the overall economy of India, reaching nearly Rs. 33.8 trillion, signifying 7.2% of the economy as a whole.
As per the prediction, the travel and tourism sector is anticipated to generate more than 24 million jobs in the course of the next decade or close to over 2.4 million new jobs each year.
The WTTC President and CEO Julia Simpson said that the travel and tourism segment of India endured a lot of tough times as a result of the pandemic, restrictions and the lockdowns, and the future looks promising with regard to travel and tourism and travels from and to India expected to surpass the levels of 2019.
Tags: economy, India, Tourism news, WTTC
