Number of foreign tourist arrivals in India 2000-2020
Less than three million foreign tourist arrivals were reported across India in 2020. India offers a diverse portfolio for travel and tourism. The industry is one of the largest service industries across the south Asian country. In 2017, travel and tourism contributed over 91 billion U.S. dollars to the country’s GDP. Domestic tourism was the major revenue of source for the industry.
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.
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.
