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DATA & ANALYSIS

Friday, 25 January, 2019, 11 : 47 AM [IST]

Travel and Tourism, Economic Impact 2018, India

Key facts :

GDP: Direct contribution
The direct contribution of Travel & Tourism to GDP was INR 5,943.3bn (USD 91.3bn), 3.7% of total The total contribution of Travel & Tourism to GDP was INR 15,239.6bn (USD234.0bn), 9.4% of GDP in 2017, and is forecast to rise by 7.5% in 2018, and to rise by 6.9% pa to INR 32,053.3bn (USD 492.2bn), 9.9% of GDP in 2028.

GDP: Total contribution
The total contribution of Travel & Tourism to GDP was INR 15,239.6bn (USD 234.0bn), 9.4% of GDP in 2017, and is forecast to rise by 7.5% in 2018, and to rise by 6.9% pa to INR 32,053.3bn (USD 492.2bn), 9.9% of GDP in 2028.

Employment: Direct contribution
In 2017 Travel & Tourism directly supported 26,148,000 jobs (5.0% of total employment). This is expected to rise by 2.8% in 2018 and rise by 2.1% pa to 33,195,000 jobs (5.3% of total employment) in 2028.

Employment: Total contribution
In 2017, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry was 8.0% of total employment (41,622,500 jobs). This is expected to rise by 3.1% in 2018 to 42,898,000 jobs and rise by 2.0% pa to 52,279,000 jobs in 2028 (8.4% of total).

Visitor exports
Visitor exports generated INR 1,777.1bn (USD27.3bn), 5.8% of total exports in 2017. This is forecast to grow by 8.8% in 2018, and grow by 5.5% pa, from 2018-2028, to INR 3,316.4bn (USD 50.9bn) in 2028, 5.1% of total.

Investment
Travel & Tourism investment in 2017 was INR 2,706.1bn, 6.3% of total investment (USD 41.6bn). It should rise by 6.7% in 2018, and rise by 6.7% pa over the next ten years to INR 5,546.3bn (USD 85.2bn) in 2028, 6.1% of total.

Source: World Travel & Tourism Council, (WTTC)

 
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