As the service sector has finally begun to weather the Covid disruptions, the Center is planning to launch a new tourism policy soon that will aim to give maximum support to the hardest hit sector, which created almost 40 million jobs in 2019-20 just before pandemics. hit.
Earlier this week, the Ministry of Tourism organized a consultation meeting on the draft National Tourism Policy.
The next 10 years will focus on digital tourism and green tourism, as well as the hospitality sector, destination management skills and support for MSME-related tourism.
“The idea is to make India one of the top five travel destinations in the next five years,” said an official who attended the meeting.
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The government may also look for alternative sources of funds to develop digital tourism in India. The rules for foreign direct investment in this sector can also be relaxed to a certain extent.
Indian tourism and hospitality is expected to earn $60 billion by 2028 and India’s travel market is projected to reach $125 billion by 2027-2028 from an estimated $75 billion in 2019-2020.
Anand Rathy’s research shows that domestic tourist visits have more than quadrupled to 2.3 billion in 2020 from 270 million in 2002, while international visits have quadrupled to roughly 11 million in 2019. . However, the number of foreign tourists has fallen to 2.7 million. in 2020 due to Covid-19 restrictions.
However, the recently released S&P Global PMI showed that India’s services sector rose to an 11-year high of 58.9 in May. This, according to experts, should reopen the doors to tourism after the pandemic.