India ranked 34 in Travel & tourism Competitiveness Index |
According to a recent report by the Travel & Tourism Competitiveness Index, India has moved up six places to 34th position in the ranking by the World Economic Forum, though it is ranked much lower in terms of safety and security, health and hygiene and environmental sustainability. Tourism accounts for 3.6 per cent of India`s GDP and 5.1 percent of jobs. As per the index, India ranks eighth in terms of cultural resources and business travel, 14th for natural resources and 13th for price competitiveness. The report finds that Mexico, Brazil and India have exceptional natural and cultural resources, which they combine effectively with relatively strong price competitiveness. Further, China, Mexico, Malaysia, Thailand, Brazil and India—which are not high-income economies but rank in the top 35 in the overall list— stand out in the Cultural Resources and Business Travel Pillar through their combination of rich natural and cultural resources and strong price competitiveness. The Travel & Tourism Competitiveness Index measures the set of factors and policies that enable sustainable development of travel and tourism sector which contributes to the development and competitiveness of a country.
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