India’s Tourism Boom Gathers Pace

ITCHOTELS

India’s tourism industry, currently valued at $22 billion, is expected to maintain its strong growth trajectory and expand to $34.1 billion by 2029, supported by rising domestic travel and policy support. Contributing nearly 10 percent to the country’s GDP, the sector is projected to attract around 31 million travellers and generate 53 million jobs over the next few years. With expectations of continued government focus on boosting domestic tourism in the upcoming Union Budget, listed players such as ITC Hotels and

remain well-positioned as key beneficiaries of this long-term structural growth.