Travel & tourism in India offers extraordinary opportunity; to grow 7 pc in 10 years: WTTC
India's travel and tourism sector is poised for significant growth. Julia Simpson highlights a projected 7% expansion over the next decade. This growth is an extraordinary opportunity for the Indian economy. The sector's contribution is expected t...
"In India, 7 per cent of the Indian economy depends on travel and tourism. The global number is 10 per cent and I know the way India is growing at the moment that you will soon be getting to that sort of number," Simpson said.
She further said, "The large numbers we talked about it was worth about 230 billion US dollars and what was interesting is, over the next 10 years, we're expecting travel and tourism in India to grow by 7 per cent. This is an extraordinary growth opportunity."
Simpson also lauded Prime Minister Narendra Modi for investing in travel and tourism and seeing the power of the sector "to really transform communities and the lives of people".
Stressing on the need for sustainable practice on the sector, she said about 4.8 per cent of India's greenhouse gas emissions come from travel and tourism sector.
She further said India is reducing its "carbon intensity faster than the global average. It is going down by 13 per cent".
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