According to research conducted by the World Travel & Tourism Council, the contribution of travel and tourism to the Indian economy is predicted to approach pre-pandemic levels, with a YOY advancement of 20.7 %.
Per the World Travel and Tourism Council’s latest Economic Impact Report, the contribution of travel and tourism to India’s economy might reach around Rs. 15.9 trillion this year, up 1% from 2019.
Work levels are predicted to provide approximately 35 million travel and tourist employment this year, representing an 8.3 % increase.
In the next decade, India’s travel and tourism GDP is expected to grow at an annual rate of 7.8 %, compared to 6.7 % of the broader Indian economy, reaching almost $33.8 trillion, or 7.2 % of the whole economy.
As seen by projections, the travel and tourism industry will produce more than 24 million jobs over the next decade, or over 2.4 million new employees per 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 for travel and tourism and travels from and to India expected to surpass the levels of 2019”.