Tourism Growth Projections and Performance Overview in India
The presentation showcases the past performance and future projections of the tourism sector in India, focusing on aspects such as GDP contribution, foreign exchange earnings, international and domestic tourist visits. It highlights the steady growth pre-pandemic, projections for 2024, 2030, and 2047, and a shared vision between the Central Government, states, and industry. The narrative includes data on international tourist arrivals, GDP contributions, and trends in visitor numbers. The goal is to project a significant contribution to India's economy through tourism activities by 2047.
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Presentation Transcript
Tourism in Mission Mode during Amritkaal Shared vision of Central Government, States and Industry Egalapanta, Telangana #Swadesh Darshan Scheme Slide 1
Tourism in Mission Mode during Amritkaal Agenda Past trends in growth of tourism economy in India Contribution to GDP Direct and indirect jobs International Tourist Arrivals Foreign Exchange Earnings Domestic visits Broad projections for 2024, 2030, 2040 and 2047 As per Trend Slide 2
Tourism Sector Overview - India Past Performance Steady Growth before Pandemic Tourism Gross Domestic Product (in $Bn) Foreign Exchange Earnings (in $Bn) CAGR: 9.4 % CAGR: 7.3 % 30.1 28.6 27.3 144 143 22.9 133 21.0 116 108 2015 2016 2017 2018 2019 2015-16 2016-17 2017-18 2018-19 2019-20 #3rd TSA & National Account Statistics (NAS) 2021 #Ministry of Tourism estimates Steady and consistent growth in Tourism GDP and Foreign Exchange Earnings Slide 3
Tourism Sector Overview - India Past Performance Steady Growth in Visitation International Tourist Arrivals (in Mn) Domestic Tourist Visits (in Bn) CAGR: 6.8 % CAGR: 13.9 % 2.3 17.91 17.42 16.81 1.9 15.03 13.76 1.7 1.6 1.4 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 #Bureau of Immigration (BOI) #States/ UTs Tourism Departments Steady and consistent growth in International and Domestic Tourists Slide 4
Tourism Sector Overview - India Past Performance Steady Growth in Visitation Year 2008 2013 2014 2019 Foreign Tourist Arrivals (FTAs) (in Mn) 5.28 6.97 7.68 10.93 Average Annual Growth Rate (FTAs 2008-13): 5.5% Average Annual Growth Rate (FTAs 2014-19): 7.2% Year 2008 2013 2014 2019 Foreign Exchange Earnings (in Rs. Crore) 51294 107563 120367 211661 Share of India in International Tourist Arrivals in World and Asia & the Pacific Region Year 2008 2013 2014 2019 World 0.58% (41st Rank) 0.64% (41st Rank) 1.15% (24th Rank) 1.22% (25th Rank) Asia & the Pacific 2.87% (11th Rank) 2.79% (11th Rank) 4.86% (8th Rank) 4.97% (8th Rank) Slide 5
Tourism Projections- India Scenario 1: As per the Trend Tourism Gross Domestic Product (in $Bn) 1200 1 0 0 0 At Current Market Prices 7 X 1000 800 580 9.0 % CAGR 600 COVID-19 400 8.5 % CAGR 256 161 200 149 116 8.0 % CAGR 107 8.4 % 0 2020-21 2021-22 2022-23 2023-24 2030 P 2040 P 2047 P Tourism GDP to contribute Rs 1 Trillion USD to economy by 2047 6 Slide 6
Tourism Sector Overview - India Scenario 1: As per the Trend Vision@2047 2024 2030 2040 2047 International Tourist Arrival (in Mn) 16 25 56 100 Domestic Tourist (in Bn) 2 4 10 15 Foreign Exchange Earning (in $ Bn) 30 56 175 400 88 137 257 400 Employment (in Mn) 161 256 580 1000 Tourism GDP (in $ Bn) Slide 7
Tourism Projections- India Scenario 2: Tourism in Mission Mode Tourism Gross Domestic Product (in $Bn) 3500 3 0 0 0 At Current Market Prices 20 X 3000 2500 2000 17 % CAGR 1200 1500 COVID-19 16 % CAGR 1000 300 500 11 % CAGR 175 149 116 107 8% 0 2020-21 # Inputs from Industry stakeholders 2021-22 2022-23 2023-24 2030 P 2040 P 2047 P Tourism GDP to contribute Rs 3 Trillion USD to economy by 2047 9 Slide 9
