Indians spent around $94 billion on 3 billion domestic and foreign trips in 2018, making the travel and tourism industry the seventh highest contributor to national GDP, said research on Tuesday.
The industry is expected to grow by 13 per cent to $136 billion in 2021, said the report called How Does India Travel by Bain & Company and Google India today.
The $136 billion spending will include a 12 per cent growth in transportation ($50 billion) and a 13 per cent growth in lodging ($21 billion) and consumption. This includes spending on shopping, recreation and food, which are set to grow