SkiftStats: Tourism industry in India supports 39 million jobs, 6.4 percent of GDP
India knows tourism is a huge revenue booster and job creator and has continued to take steps to increase its role in the economy by relaxing restrictions surrounding border visas and airline investors.
Excerpt from Travel Biz Monitor
The travel and tourism sector contributed 6.4 per cent to India’s GDP in 2011, amounting to Rs 6.7 billion, which includes direct, indirect and induced impacts, according to a research by Oxford Economics, released recently at the World Travel & Tourism Council’s (WTTC) India Initiative Retreat in Bekal, Kerala.
The travel and tourism industry in India is almost three times bigger than the automotive manufacturing industry and generates more jobs than the chemical manufacturing, automotive manufacturing, communications and mining sectors put together, the research revealed.
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