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Business EconomyPosted at: Mar 6 2019 7:16PM


Travel, tourism industry major contributor to India's economic growth, says expert

New Delhi, Mar 6 (UNI) Travel and Tourism Industry has emerged as one of the major contributors to India’s GDP and is poised to become a 50 billion dollar industry over the next few years, a travel expert said.
Yatra.com co-founder and CEO Dhuruv Shringi said in fact with the growth of disposable incomes and travel expense, the country will witness 20 per cent growth in the number of air travelers.

He was speaking at a tourism and travel tech conference organised by the Internet and Mobile Association of India (IAMAI) and Incredible India on the “Shaping the future of Travel in India”.
The conference was of the view that for travel and tourism industry to really flourish in India, it is really important that all the stakeholders including industry both offline and online and the government join hands to create an atmosphere for frictionless travel. Tourism and travel industry is one of the biggest employment generators and hence it is important that the bottlenecks are removed at the earliest, to be able to contribute to the growing Indian economy.
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