travel industry contribution to indian economy
TRANSCRIPT
Contribution of Travel Industry in Economy of India
Facts• Travel & Tourism is the largest service
industry in India.• One of the main employment generators.• Dominated by unorganized sector.• $27.5 billion industry.• CAGR of 12%.• Consists of domestic (85%) and international
inbound travel (15%).
Components of Indian Travel Industry
Forms of Tourism in India
SWOT Analysis
Contribution of Travel Industry
• Travel Industry constitutes 6.3% of the GDP.• Contributed Rs 7,642 billion to the economy.• Generated 36.7 million jobs all over the country
in 2014.• Development of isolated areas surrounding
tourist destinations.• Generated source of income for locals. • Helped in eradicating poverty in areas marked for
tourism. Source : World Travel & Tourism Council
(WTTC)
Challenges• Women security poses a major threat to the
industry.• Competition from countries like Sri Lanka,
Nepal and Singapore.• Terrorism in parts of the country.• Less number of international airports and
hubs.
Future of Travel Industry In India
• GDP contribution set to become 6.6% by 2020.
• Employment to grow by 1.8%.• Contribution to GDP to grow to 85.6 billion US
dollars by 2025.• Indian is projected to be the fastest growing
nation in wellness tourism in next 5 years. Source: http://indiainbusiness.nic.in/
http://www.statista.com/
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