Economic Survey 2014: Indian tourism can be benefited from steady government and global economy revival

Published on : Saturday, July 12, 2014

Finance-Minister-Arun-JaitleyAccording to the Economic Survey 2013-14 tabled by Finance Minister Arun Jaitley in Parliament benefiting from a stable government that can bring speedy reform and recovery of global economy, the Indian tourism industry can hope for an average annual growth of 7.9 per cent per year till 2023.


The survey said India was ranked at a low of 65 among 140 countries in the World Economic Forum (WEF) 2013 study of tourism competitiveness, 21 on tourism natural resources and 67 on ease of business environment.


On the prospective of tourism, the survey citing World Travel and Tourism Council estimates said that the sector contributed
around 6.6 percent of India’s GDP in 2012 and supported 39.5 million jobs, which is 7.7 per cent of its total employment.

The survey also added, “There has been revival in world tourism growth with international tourist arrivals worldwide growing from 4.1 per cent in 2012 to 5.0 per cent in 2013 as per the United Nations World Tourism Organisation data”.


India’s share in world tourist inflows was only 0.64 per cent in 2012 and it could only draw 6.97 million foreign
visitors during 2013.

Creating world class infrastructure even by PPP, addressing multiple taxation issues, skill and etiquettes training, implementing urgently visa on arrival and E visa facilities and special focus on cleanliness at tourist sites and safety of tourists are the suggested measures to position the country as an attractive tourist destination.

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