New Delhi, Aug. 17 -- India's tourism sector is witnessing a rapid growth surge, with projections indicating the industry will generate over Rs 5,12,356 crore (USD 59 billion) by 2028, according to a new report released by Capitalmind PMS.
The report cites rising disposable incomes, enhanced connectivity, and infrastructure improvements as key growth enablers.
Domestic tourism is expected to double from 2.5 billion visits in 2024 to 5.2 billion by 2030, growing at a CAGR of 13.4 per cent.
However, the report highlighted that India's tourism and hospitality sector, while a key GDP driver, still trails global peers--2 per cent below the US and 4 per cent below Thailand in contribution to GDP.
As per the report, domestic visitor spending...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.