Nifty India Tourism Index, a new Thematic Index by NSE indices .
Dhiraj Khadilkar
![Dhiraj Khadilkar]()
Dhiraj Khadilkar
NISM XV Certified Research Analyst | Equity Research Enthusiast | Market Analysis | Passionate About Delivering Insightful Investment Research
Nifty India Tourism Index aims to track the performance of stocks from the Nifty 500 Index which represent the travel and tourism theme .
Snapshot on India's Travel and Tourism Industry
In 2023, the travel & tourism industry’s contribution to the GDP is estimated over US$ 199.3 billion; this is expected to reach US$ 512 billion by 2028.
In India, the industry’s direct contribution to the GDP is expected to record an annual growth rate of 7-9% between 2019 and 2030.
Revenue from religious tourism destinations almost doubled to Rs. 1,34,543 crore in 2022 from Rs. 65,070 in 2021, as per the Ministry of Tourism .
According to WTTC, over the next decade, India’s Travel & Tourism’s GDP is expected to grow at an average of 7.1% annually.
Source: ibef , WTTC , Ministry of Tourism .