ENA Economy 2025-08-26 15:49:45 <p><span style="font-size:14px"><strong>New Delhi, Aug 26 (KNN) </strong>Indias tourism and hospitality sector is set to play a pivotal role in the countrys economic future, according to a report by MP Financial Advisory Services.</span></p> <p><span style="font-size:14px">The study highlights that Indias Vision 2047&mdash;which targets 100 million international tourist arrivals&mdash;could generate a GDP impact of Rs 43.25 lakh crore and create 63 million jobs by 2034.</span></p> <p><span style="font-size:14px">India has quickly risen in global tourism rankings, moving from 39th to 8th place in just one year, showcasing its growing strength as a global destination.</span></p> <p><span style="font-size:14px">Foreign exchange earnings also tell a strong growth story, rising from Rs 0.13 lakh crore in 1999 to Rs 2.12 lakh crore in 2019. Despite pandemic-related setbacks, inflows bounced back to Rs 2.78 lakh crore in 2024, proving the sectors resilience.</span></p> <p><span style="font-size:14px">This rebound has been driven by domestic tourism, rising foreign arrivals, and government schemes such as Swadesh Darshan 2.0, PRASHAD, SASCI, and Heal in India.</span></p> <p><span style="font-size:14px">Tourism is no longer just leisure&mdash;it is a core pillar of growth, jobs, and competitiveness. The coming decade will be shaped by investment in infrastructure, sustainability, and diversified offerings, said Mahendra Patil, Founder &amp; Managing Partner, MP Financial Advisory Services.</span></p> <p><span style="font-size:14px">The Union Budget 2025-26 has already outlined measures to strengthen tourism through infrastructure development, medical tourism, and employment generation.</span></p> <p><span style="font-size:14px">Spiritual and heritage travel are also expanding rapidly. Pilgrim visits doubled from 677 million in 2021 to 1,439 million in 2022, generating Rs 2 lakh crore in trade and creating 800,000 jobs.</span></p> <p><span style="font-size:14px">Similarly, heritage tourism is projected to grow from USD 19.9 billion in 2024 to USD 27.1 billion by 2033.</span></p> <p><span style="font-size:14px">Indias Medical Value Travel market is also booming, expected to rise from USD 2.89 billion in 2020 to USD 13.42 billion by 2026.</span></p> <p><span style="font-size:14px">Overall, with robust demand, rising incomes, and government-led campaigns, India is well-positioned to emerge as one of the worlds top tourism destinations by 2047.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43278 https://knnindia.co.in/news/newsdetails/economy/vision-2047-to-boost-tourism-and-hospitality-with-rs-43-lakh-crore-gdp-impact 2025-08-26 15:49:45 knnindia.co.in