The Indian Tourism and Hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. India's Foreign Exchange Earnings (FEEs) increased 20.4 per cent year-on-year between January-November 2017 to approx . US$ 24.655 billion.
Valued at over 50,000 crores, tourism is the largest service industry in India, with a contribution of 6.23% to the national GDP and 8.78% to the total employment in India.
According to the World Travel and Tourism Council, India has already become a global tourism hot-spot. Interestingly, most of the foreign tourists spend more in India than in any other country across the globe. With the booming domestic tourism, the writing is clear on the wall. Tourism industry will continue to expand and achieve meteoric growth rates in the coming years.
The Indian government has also realised the country’s potential in the tourism industry and has taken several steps aimed at developing Tourism facilities and to make India a global tourism hub. The Government has already launched a Scheme of “Visa on Arrival” since January 2010 for Tourists visiting India from a number of countries. The “Incredible India” campaign launched by the Ministry of Tourism promote India’s culture and tourist attractions.
MIICCIA Forum will contribute in spreading awareness among all the stakeholders in respect of prevalent facilities and promotional schemes. It will provide necessary platform in connecting private players and the government authorities to mutually formulate policies for augmenting growth of Tourism and Hospitality industry.