Tourism expected to contribute $250 billion to GDP by 2030, India expected to grow 7-9%, govt says

The central government said on Tuesday that the country’s tourism sector would return to pre-pandemic levels by mid-2024. The Center also said that by 2030, the tourism sector will contribute $250 billion to the country’s gross domestic product (GDP).

By 2047, the central government has said the country aims to reach $1 trillion from the tourism sector – a sector that has been hardest hit by the coronavirus pandemic.

This was announced at the end of the three-day national tourism conference here, which saw the participation of tourism ministers from various states, governors and administrators of union territories, in addition to senior government officials. central government.

Union Tourism Minister G Kishan Reddy has urged all states to share and adopt best practices to boost the sector.

“States should organize such conferences at the state level with district officials from different departments and stakeholders to improve and promote tourist destinations,” said G Kishan Reddy.

A statement “Dharamshala Declaration” was also adopted at the end of the conference, which defines the long and short term goals for the country in the tourism sector. The Dharamshala Declaration emphasizes sustainable and responsible tourism, said ministry secretary Arvind Singh.

“India will play a pivotal role in contributing to the recovery of global tourism. All major tourism industries have started showing signs of recovery at pre-pandemic levels like domestic air traffic and hotel occupancy list” , said Arvind Singh.

The Dharamshala statement mentions that India plans to become a major tourist destination as it chairs the G-20 in 2023.

The statement said: “We plan to provide the necessary rigor and dedication, and to showcase our cultural richness while welcoming the world to our country. We plan to make the necessary interventions, including visa reforms , ease of travel, traveler-friendly immigration facilities at airports, and openness to international travel, and these major topics were discussed at the meeting.”

In addition to positioning India as a major tourist destination, the statement also speaks of a “national tourism policy”. The policy was drafted with a holistic vision and strategy to revive Indian tourism and aims to contribute $1 trillion to GDP by 2047.

The statement says that by 2024, India is expected to contribute $150 billion in tourism GDP, $30 billion in foreign exchange earnings and get 15 million foreign arrivals.

The Dharamshala Declaration also asserted that the country should grow at a compound annual growth rate of seven to nine percent.

“Targets are expected to be achieved by 2030. $250 billion contribution to tourism GDP, 137 million jobs in the tourism sector, $56 billion in foreign exchange earnings, 25 million foreign arrivals,” Arvind Singh said as he read the statement.

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