Tourism and Hospitality
12th highest contribution to GDP
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India ranked 12th among 184 countries in terms of travel & tourism‘s total contribution to GDP in 2012
Contribution to GDP above world average
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In India, the sector’s direct contribution to GDP is expected to grow at 7.8 per cent per annum during 2013–2023 vis-à-vis the world average of 4.2 per cent
Create higher employment
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The travel & tourism sector in India is estimated to create 78 jobs per USD18,366 of investment compared to 45 in the manufacturing sector
Higher investments
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Travel & tourism’s contribution to capital investment is projected to grow at 6.5 per cent per annum during 2013–2023, above the global average of 5.0 per cent
Increasing visitor exports
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Contribution of visitor exports to total exports is estimated to increase at 5.7 per cent per annum during 2013–2023 compared to the world average of 4.0 per cent
Source: World Travel & Tourism Council’s Economic Impact 2013, 12 th Five year plan, Aranca Research
2011
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Robust demand Growing demand
Foreign tourist arrivals increased at a CAGR of 7.8 per cent over 2005–12 Domestic spending on tourism is growing due to rising income and changing lifestyles (especially among young people)
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Attractive opportunities
Diverse offerings such as adventure, rural and wildlife tourism
2022F
Market size: USD418.9 billion
Market size: USD117.7 billion
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India is expected to receive nearly half a million medical tourists by 2015, implying an annual growth of 30 per cent
Advantage India
Diverse attractions
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India has 28 world heritage sites and 25 bio-geographic zones The country’s big coastline provides a number of attractive beaches
• •
The engineering sector is delicensed; Furthercent FDI is allowed in the 100 per extension of Visa on Arrival scheme to five countries in 2011 sector Due to policy holiday for 2-,3-, Five-year taxsupport, there was and cumulative
12th highest contribution to GDP
•
India ranked 12th among 184 countries in terms of travel & tourism‘s total contribution to GDP in 2012
Contribution to GDP above world average
•
In India, the sector’s direct contribution to GDP is expected to grow at 7.8 per cent per annum during 2013–2023 vis-à-vis the world average of 4.2 per cent
Create higher employment
•
The travel & tourism sector in India is estimated to create 78 jobs per USD18,366 of investment compared to 45 in the manufacturing sector
Higher investments
•
Travel & tourism’s contribution to capital investment is projected to grow at 6.5 per cent per annum during 2013–2023, above the global average of 5.0 per cent
Increasing visitor exports
•
Contribution of visitor exports to total exports is estimated to increase at 5.7 per cent per annum during 2013–2023 compared to the world average of 4.0 per cent
Source: World Travel & Tourism Council’s Economic Impact 2013, 12 th Five year plan, Aranca Research
2011
•
Robust demand Growing demand
Foreign tourist arrivals increased at a CAGR of 7.8 per cent over 2005–12 Domestic spending on tourism is growing due to rising income and changing lifestyles (especially among young people)
•
Attractive opportunities
Diverse offerings such as adventure, rural and wildlife tourism
2022F
Market size: USD418.9 billion
Market size: USD117.7 billion
•
•
India is expected to receive nearly half a million medical tourists by 2015, implying an annual growth of 30 per cent
Advantage India
Diverse attractions
•
India has 28 world heritage sites and 25 bio-geographic zones The country’s big coastline provides a number of attractive beaches
• •
The engineering sector is delicensed; Furthercent FDI is allowed in the 100 per extension of Visa on Arrival scheme to five countries in 2011 sector Due to policy holiday for 2-,3-, Five-year taxsupport, there was and cumulative