Tag: Infrastructure Development

The Union Cabinet, chaired by the Prime Minister, has approved the signing of Memorandum of Understanding between the Ministry of Tourism, Government of the Republic of India and the Saudi Commission for Tourism and National Heritage of the Kingdom of Saudi Arabia for strengthening cooperation in the field of Tourism. The Memorandum of Understanding aims at exchanging information and expertise in Legislation in the tourism development, Hotels, resorts and tourist accommodation facilities, Tourism data and statistics, Exhibition events and other tourism activities in States of the Parties, Tourism development, planning and investment; Licensing, operating and marketing tourism facilities, Agricultural Tourism,  ... Read more

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