The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country.
India has moved 13 positions ahead from 65th to 52nd rank in Tourism and Travel Competitive Index (WEF); UNWTO Tourism Barometer (2016) currently ranks India at #40 in terms of global tourist footfalls. Tourism tends to encourage the development of multiple-use infrastructure including hotels, resorts & restaurants, transport infrastructure (aviation, roads, shipping & railways) and healthcare facilities. Five tourism mega economic zones were announced in the previous budget to attract global tourism players to India and also drive tourism sector's contribution to GDP.
100% FDI in tourism industries is allowed under automatic route.
100% FDI in tourism and hospitality sectors is allowed including tourism construction projects like the development of hotels, resorts, and recreational facilities.
Share in World Tourist Arrivals
Share in World Tourism Receipts
Growth in Foreign Tourist Arrival
Foreign Exchange Earning growth rate
7th largest tourism economy in the world
9th largest in cultural resources and business travel in the world
14.62 million jobs created by tourism in last 4 years (between 2014 – 2018)
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