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    Home » A Vision for $3 Trillion Tourism Economy by 2047, ETTravelWorld
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    A Vision for $3 Trillion Tourism Economy by 2047, ETTravelWorld

    morshediBy morshediAugust 19, 2025No Comments4 Mins Read
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    A Vision for  Trillion Tourism Economy by 2047, ETTravelWorld
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    A Vision for  Trillion Tourism Economy by 2047, ETTravelWorld

    The Federation of Associations in Indian Tourism and Hospitality (FAITH), the apex coverage physique representing India’s tourism, journey, and hospitality sectors, at the moment opened its nationwide tourism conclave underneath the theme Indian Tourism – Invincible Spirit. The 2-day occasion brings collectively leaders from the nation’s ten main nationwide tourism and hospitality associations, trade stakeholders, and senior policymakers to chart a roadmap for Tourism Imaginative and prescient 2047.

    The imaginative and prescient units an formidable goal of making a $3 trillion tourism economy by 2047, attracting 100 million inbound vacationers, producing 20 billion home visits, and supporting 200 million tourism-related jobs. The overarching intention is to double the sector’s share of India’s GDP from 5% to 10% over the subsequent 20 years.

    “Our goal is to make tourism a nationwide precedence, doubling its contribution from 5% to 10% of India’s GDP by 2047,” mentioned Ajeet Bajaj, Vice Chairman, FAITH. “Reaching this requires a whole-of-nation strategy, with sturdy collaboration between the central and state governments, non-public stakeholders, and native communities.”

    Key pillars of FAITH’s Tourism Imaginative and prescient 2047:

    • Coverage reforms: Granting infrastructure standing to tourism, together with tourism within the concurrent listing, and guaranteeing tourism receives trade standing in all states and Union Territories.
    • World and home advertising and marketing: Launching aggressive, sustained promotion of India as a premier tourism vacation spot by coordinated authorities–trade partnerships.
    • Infrastructure improvement: Increasing past the proposed 50 locations, creating harmonised infrastructure throughout states to make sure a constant high quality of expertise for travellers.
    • Sustainability: Full adoption of the Sustainable Tourism Standards of India, implementing carrying capability pointers, and prioritising the ecological safety of locations.

    The occasion options an influential line-up of audio system, together with Amitabh Kant, CEO of IndiGo; Pieter Elbers; senior tourism officers from Gujarat, Andhra Pradesh, and Arunachal Pradesh; and former Secretaries of Tourism, who’re sharing insights from their tenures and views on future methods.FAITH Chairperson Puneet Chatwal highlighted the sector’s skill to drive India’s world positioning and financial progress. “Tourism is the world’s highest job multiplier—one in 4 new jobs globally comes from tourism, aviation, and hospitality. With India’s demographic benefit, this sector is a pure engine for employment and GDP progress. From medical to religious, enterprise to leisure journey, tourism is a strong software for constructing smooth energy and showcasing India to the world,” he mentioned.

    Bajaj reiterated the necessity for cohesive motion: “Now we have to create an enabling ecosystem that may assist the trade’s aspirations. This contains sturdy infrastructure, ability improvement, digitalisation, and coverage stability. Tourism cuts throughout a number of sectors—transport, surroundings, tradition, and concrete improvement—and success will rely upon how successfully we combine efforts throughout these domains.”

    FAITH to host National Tourism Conclave in Delhi to chart 'Tourism 2030' roadmap

    Puneet Chhatwal, Chairman of FAITH, highlighted the macroeconomic tailwinds supporting the trade. “India is on monitor to turning into the third-largest world financial system. The tourism sector is benefiting from structural shifts together with restricted lodging provide in key cities, a rebound in international vacationer arrivals, and the evolution of journey right into a non-discretionary spend,” he said.

    Trade collaboration and subsequent steps

    The conclave additionally reinforces FAITH’s place because the unified nationwide voice for the tourism and hospitality trade. Its membership contains main associations together with the Indian Affiliation of Tour Operators (IATO), Federation of Resort & Restaurant Associations of India (FHRAI), Resort Affiliation of India (HAI), Journey Tour Operators Affiliation of India (ADTOI), Journey Tour Operators Affiliation of India (ATOAI), India Conference Promotion Bureau (ICPB), Indian Heritage Lodges Affiliation (IHHA), Indian Vacationer Transporters Affiliation (ITTA), Journey Brokers Affiliation of India (TAAI), Journey Brokers Federation of India (TAFI), and All India Resort Improvement Affiliation (AIRDA).

    A joint set of suggestions rising from the discussions will probably be formally submitted to the Prime Minister’s Workplace, the Ministry of Tourism, and different related ministries to make sure alignment on coverage priorities.

    In outlining the way in which ahead, Chatwal pressured the urgency of transferring from dialogue to execution: “The chance is immense, however so is the competitors. India should put money into constructing a powerful model, delivering seamless traveller experiences, and guaranteeing that progress is sustainable and inclusive. Tourism has the potential to be one of many largest contributors to the Amrit Kaal imaginative and prescient for India’s financial future.”

    • Printed On Aug 12, 2025 at 12:47 PM IST

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