India's Tourism & Hospitality sector is valued at ₹18 trillion in 2023-24, contributing approximately 9.2% to the GDP and generating significant employment. It is one of the fastest-growing sectors, with a diverse range of offerings from heritage tourism, medical tourism, to adventure tourism. The sector has experienced a rapid recovery post-pandemic, supported by government initiatives and a strong global demand for travel.
Why Invest in the Tourism & Hospitality Sector
- Robust Growth: The sector is expected to grow at a CAGR of 7-8% between 2024-2030, with India emerging as a key global tourist destination.
- Government Support: Initiatives like the Dekho Apna Desh campaign, the National Tourism Policy, and ease of visa regulations have attracted both domestic and international investments.
- Infrastructure Development: The government’s push for improving airport, hotel, and transportation infrastructure further strengthens the sector’s growth prospects.
Incentives & Schemes
- Swadesh Darshan Scheme: Focuses on developing theme-based tourist circuits.
- PRASAD Scheme: Aims to develop spiritual and religious tourism.
- FDI Policy: 100% FDI in hospitality and tourism infrastructure.
