INDUSTRY
Tourism set for a CAGR of 25%, empowering people: Gajendra Singh Shekhawat
- IBJ Bureau
- Oct 13, 2025
Union Minister Gajendra Singh Shekhawat has said that the tourism sector contributes Rs 20 lakh crore to India’s GDP and is expected to grow at a rate of more than 25 per cent.
“Tourism now contributes over Rs 20 lakh crore to our national GDP. It provides livelihood to more than 84 million (8.4 crore) people,” Mr Shekhawat has said, addressing the MP Travel Mart, an event organised by the Madhya Pradesh tourism department.
“India welcomed 20 million (2 crore) inbound tourists last year, and 2.94 billion (294 crore) tour trips were made by domestic travellers. Tourism sector in India is estimated to grow with a CAGR (compound annual growth rate) of more than 25 per cent,” he has added.
“These numbers tell a deeper story – the story of empowerment. (It is the story of) artisans finding new markets, families running homestays, women entrepreneurs creating eco-retreats, local youths becoming confidant (sic) guides and hosts,” the tourism minister has stressed.
At the heart of this transformation lies the belief that tourism is a national priority, not an auxiliary industry, with an unprecedented investment in highways, airports, inland waterways and digital infrastructure, he has said, adding that travel across the country has been made seamless.
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