Number of foreign tourist arrivals in India 2000-2022
Sector insight
As per the government estimates, the industry provided employment to over 80 million people in fiscal year 2018. There was also an increase in the budget allocation from the government. Under the Swadesh Darshan scheme, over 70 projects valued at around 863 million dollars were sanctioned. E-visa facility was also offered to around 170 countries starting December 2019.
Catalysts for growth
A TRT or Tax Refund for Tourists scheme was introduced for some countries to encourage tourist expenditure and boost revenue. A 100 percent FDI was also allowed in the hotel and tourism sector through the automatic route.