Facebook Pixel The New Age Traveller And The Growth Of Indian Tourism | BUSINESS ECONOMICS - Business - इस कहानी को Magzter.com पर पढ़ें

कोशिश गोल्ड - मुक्त

The New Age Traveller And The Growth Of Indian Tourism

BUSINESS ECONOMICS

|

September 01-15, 2017

The travel and tourism secotr generated  14.1 trillion ($208.9 billion) in 20169, in comparison to 24,241 crore during 1998-99. This sum is equivalent to 9.6% of India's GDP.

- Varsha Singh & Ayantika Halder

The New Age Traveller And The Growth Of Indian Tourism

In the 1990s, before planning any trip Vidyut Sharma, a resident of Kolkata, had to go and stand in long queues to book a train ticket. After that would be the hassle of reserving hotel and arranging tours, haggling with vendors and hoping he doesn’t get cheated. This would involve a lot of running around and span several days. Dial down to 2017, he can plan an entire trip with just a click of the mouse or flick of his fingers. Online planning and the booking of a trip averages just 49 minutes and involves research through online travel agencies (OTAs), search engines, and Google maps, according to a GoogleBoston Consulting Group (BCG) report. “Travelling in the 1990s was a hectic event. Before planning a trip we had to do a lot of research by asking people who had earlier been to the travel destination we were wanting to go. We had to take full responsibility of the needs of our family. But after 20 years, I feel that even my 15-year-old grandson can plan a trip. Things are much easier these days. I wish the power of technology was there during our time as well. I would have travelled more, seen many more places,” said Mr. Sharma.

With the growth of online travel sites and the formation of more active, aware, and engaged travellers, the Indian tourism industry has grown exponentially and ranks 7th in the world in terms of its total contribution to the country’s GDP, according to a new report by World Travel and Tourism Council (WTTC). The travel and tourism sector generated 14.1 trillion ($208.9 billion) in 2016, in comparison to

BUSINESS ECONOMICS

यह कहानी BUSINESS ECONOMICS के September 01-15, 2017 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

BUSINESS ECONOMICS से और कहानियाँ

BUSINESS ECONOMICS

BUSINESS ECONOMICS

India manages to stay firm in exports in FY26 despite global headwinds

India managed to maintain resilience in merchandise exports during FY26 despite multiple headwinds in the global market.

time to read

3 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Its advantage BJP in the recently concluded assembly elections

Assembly elections in four states have delivered clear verdicts.

time to read

1 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Anatomy of an inflationary wave and the structural imperatives facing India

For most citizens, inflation is not understood through economic reports or government statistics; it is experienced while purchasing milk, vegetables, fuel, medicines, or paying monthly household bills.

time to read

5 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

The Fragmented Greenback: How Global Trade is quietly bypassing the Dollar

For the past few years, headlines have repeatedly predicted a dramatic “de-dollarisation” crisis, often centred on the rise of a potential BRICS currency.

time to read

3 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Weakening macro conditions and a challenging outlook test Indian equity markets

Indian equity markets have undergone both price and time correction in recent months as geopolitical risks and macroeconomic uncertainty have stalled near-term momentum in benchmark indices.

time to read

5 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

The global impact of BJP’s win in West Bengal

The US Secretary of State Marco Rubio’s visit to India, beginning from Kolkata, has an eerie similarity to the visit of a previous Secretary of State Hillary Clinton in 2012.

time to read

2 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Slowdown in growth of India’s index of Core Industries cannot be attributed solely to the West Asia crisis

Government data released on 20 May on the Index of Eight Core Industries (ICI) for April 2026 shows that the index grew by only 1.7% year-on-year.

time to read

3 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Renunciation: A Distinguished Characteristic of the Sanatana Dharma

In eternal values, the diverse and distinguished characteristics of the Sanatana Dharma, renunciation, like faith (Aastha/Shraddha), has remained a distinctive feature, occasionally even more influential than Aastha.

time to read

4 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

India raises exports by diversifying global footprint amidst supply chain disruption

The global merchandise trade grew faster than expected in 2025 as the US imports surged in the first half of the year ahead of expected tariff hikes.

time to read

8 mins

June 01 - 30, 2026

BUSINESS ECONOMICS

BUSINESS ECONOMICS

Innovative Financing Mechanisms: Expanding the capital base for Infrastructure and Sustainable Development

Infrastructure financing is entering a new phase where the challenge is no longer limited to raising capital, but to structuring it efficiently and sustainably.

time to read

4 mins

June 01 - 30, 2026

Translate

Share

-
+

Change font size