Tag: Contribution to GDP

Tourism has been playing a vital role in the economic development of India; the contribution of the tourism sector to the GDP is around 10 per cent in 2018 as per recent reports of ‘Statista’. As per the report tourism accounted for over USD 250 billion in 2018 covering around 10 per cent of India’s economy of USD 2.5 trillion. According to a Travel and Tourism Economic Impact 2018 India report by the World Travel and Tourism Council (WTTC), the total contribution of travel and tourism to GDP (including wider effects from investment, the supply chain and induced income impacts), ... Read more