travel industry contribution to indian economy

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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