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.
Houses are not just places to live; some are grand, luxurious, and larger than most…
Asia is one of the fastest-growing regions in the world and is home to many…
India has formally begun preparing its military leadership for the wars of the future. On…
Union Bank of India has announced a key leadership change with the promotion of Shri…
India’s biodiversity has gained fresh attention after scientists discovered a new orchid species in Kerala’s…
Punjab’s aviation map witnessed a symbolic and developmental shift on 2 February 2026. Prime Minister…