India’s Tourism Sector and Vision 2047 Towards a $32 Trillion Economy
The Government of India has set an ambitious target to raise the contribution of tourism to 10% of GDP by 2047, aligning with its broader goal of transforming India into a $32 trillion economy. Rich in cultural heritage, natural diversity, and spiritual wealth, India’s tourism sector is poised to become a major engine of economic growth, employment, and global influence, provided structural and strategic challenges are addressed.
Currently, tourism contributes about 5–6% to India’s GDP, with the country ranking 14th globally in tourism receipts (as of 2023). India accounted for 1.8% of global tourism revenue, with projections showing a 24% Compounded Annual Growth Rate (CAGR) for the sector. The government now aims to double its share in the economy by 2047 through sustainable and inclusive development.
Tourism is a labour-intensive industry with vast potential for job creation, especially in rural and semi-urban areas. It also enhances foreign exchange earnings, supports infrastructure development, and strengthens cultural diplomacy. India’s immense spiritual, ecological, and historical diversity positions it uniquely to tap into global travel trends, including medical tourism, adventure tourism, and eco-tourism.
India and the United Arab Emirates continue to strengthen their defence partnership with the conduct…
Jharkhand has taken a pioneering step in labour reforms with the approval of the Jharkhand…
Rivers in India are full of life and support many kinds of freshwater fish. Some…
Pulitzer Prize winning journalist Peter Arnett, one of the most influential war correspondents of the…
India and Oman have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone…
China is one of the oldest countries in the world, with a history that goes…