- Arrivals show upward travel since 2003 and average growth of 15% year on basis.
- Infact India’s growth is much better than global growth which is around 5%.
- Last year 2006 as per provisional estimates global tourist arrival was 842 million an increase from 808 million in 2005. (+5%).
- India achieved 4.43 million figure with 14.2 % growth in 2006.
- Foreign Exchange earnings showed better growth -+14.6% US$-6 billion. In rupee terms it is Rs. 29603.56 crores (+ 17.6%).
- Domestic Tourism has shown better progress – 368 million in 2005 -may reach 500 million in 2006. About 150 million are from urban cities, so there is greater potential to increase.
- Out bound tourism is progressing much faster than international arrivals. It is estimated that in 2005 it reached 7 million & by 2010 it may cross 15 million. It will be second to China in this segment.
- Tourism contributed 5.90% to GDP in 2003-04 (both direct & indirect).
- Tourism accounts for 4.59% of total number of jobs in the country and if indirect jobs are also included it reaches 8.78% that means 38.6 million jobs are created through tourism related activities.
- Labour / capital ratio by per million rupees of investment at 1984-86 prices.
Agriculture Sector – 44.07
Manufacturing – 12.06
Mining – 02.06
Hotel & Transport – 39.00
Tourism – 47.00
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Total – 86.00
- Tourism is thus a major driver of economic growth and employment in India.
- Indian Industry is growing at close to 7.5% a year & services sector is moving ahead at 8% a year. It is tourism, however, which has recorded the highest level of growth – more than 15% per annum consecutively for the last three years.
