PROBIZ International - Vol-1 Probiz File final | Page 23

I
ndia’s fast growing
Middle Income Group
and its mysticism
that attracts tourists
from abroad has made
travel and tourism
sector as the 7th
ranking contributor
to the country’s GDP.
This sector generated
Rs 14.1 trillion some
years ago. Money spent
by foreign travellers in
India, only represents
12% of tourism
revenues and in 2016
totalled Rs 1.5 trillion.
This sector created
40.3 million jobs in
2016, which ranks
India 2nd in the world
in terms of total
employment generated.
Over the past few
months India has already
started to address this
gap and made significant
changes to visa
f