India's Tourism Sector Expected to Reach 10% of GDP Soon
India's Tourism Sector Expected to Reach 10% of GDP Soon

India's Tourism Sector Expected to Reach 10% of GDP Soon

News summary

India's travel and tourism sector is projected to experience robust growth, with its contribution to the nation's GDP expected to rise from the current 7% to the global average of 10% in the near future, according to World Travel & Tourism Council CEO Julia Simpson. Simpson highlighted a predicted 7% annual growth rate for the sector over the next decade, emphasizing the extraordinary economic opportunity this represents. She praised increased government investment and noted the sector's potential to transform communities and improve lives. Sustainability remains a key focus, with about 4.8% of India's greenhouse gas emissions coming from travel and tourism, though India is reducing its carbon intensity faster than the global average, with a 13% decline. Industry leaders also underscored the growing potential for eco-conscious travel and the need for practical frameworks to encourage sustainable practices throughout the sector. Despite current modest levels of sustainable tourism, the market is expected to expand significantly, supported by new initiatives and collaborations.

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