For tourism, here is an Incredible India 2.0 plan - watsupptoday.com
For tourism, here is an Incredible India 2.0 plan
Posted 23 Jun 2020 02:48 PM

ET

Agencies

The pandemic has affected the sector. But it has the potential to become the biggest employment generator

In his Independence Day speech last year, Prime Minister (PM) Narendra Modi emphasised the importance of making India a global hub for tourism, urging each citizen to visit 15 tourist destinations in India by 2022. With an inward focus on travel, we must convert this into an opportunity and advance our domestic tourism and hospitality sectors.

Travel, tourism, and hospitality have an immense multiplier effect on the economy. These are sectors that can exponentially create jobs, and India needs high-quality job creation now. Travel and tourism has employed more than 42 million people in India or accounted approximately for 8.1% of the total employment opportunities. Last year, it contributed 9.3% to India�s Gross Domestic Product (GDP), and received 5.9% of total investments. It can accelerate the path to 9-10% annual growth and add millions of high-quality jobs each year. This is necessary, given that 72% of India�s population is below 32 years, and the average age is 29. Tourism is the perfect fit for the future generation.

India is ranked third in the World Travel and Tourism Council (WTTC)�s Travel and Tourism Power Ranking, which assesses 185 countries on the basis of four key sector ingredients: Total travel and tourism GDP, foreign visitor spending, domestic spending, and travel and tourism capital investment. India is now ranked behind only China and the United States (US). The World Economic Forum conducts a biennial study across 14 vital parameters, and India has improved by 12 places over the last two years, now ranking 40th out of 136 countries in terms of travel and tourism competitiveness.

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