The travel and tourism sector contributed 6.4 per cent to India’s GDP, amounting to Rs 6.7 billion, which includes direct, indirect and induced impacts, according to a research by Oxford Economics, released recently at the World Travel & Tourism Council’s (WTTC) India Initiative Retreat in Bekal,
Kerala. In comparison, the automotive manufacturing sector contributed 3.3 per cent, the education sector contributed 4.5 per cent, and the mining industry contributed 3.7 per cent to the GDP. The research showed that the sector’s direct contribution to India’s GDP is Rs two billion, almost three times more than the contribution of automotive manufacturing sector.
Wednesday, September 19, 2012