The Indian tourism and hospitality industry has emerged as one of the critical 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.
In the World Economic Forum's Travel and Tourism Competitive Index (TTCI), India rose from 52nd place in 2015 to 40th place in 2017. India is now rated 34th in the world, up to six positions from last year.
Despite the epidemic, investments in Indian tourism increased by 174.7 percent, from $1.07 billion in FY 2019 to $2.94 billion in FY 2020.
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 drive the 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 hotels, resorts, and recreational facilities.
Share in World Tourist Arrivals
Share in World Tourism Receipts
Growth in Foreign Tourist Arrival on e-tourist visa
Foreign Exchange Earnings (FEEs)
8th 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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