To encourage the development of the aviation industry in the country, the government of India also plans to invest up to $ 1.83 billion in the development of airport infrastructure along with aviation navigation services by 2026. The country aims to open 100 new airports by 2024, of which 30 airport projects are already in progress across various regions of India. According to the Ministry of Commerce and Industry data, India has envisaged increasing the number of its airports to a total of 190-200 by 2040.
The Indian hospitality industry has been booming over the years.
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. In FY20, the tourism sector in India accounted for 39 million jobs, which was 8.0% of the total employment in the country. By 2029, it is expected to account for about 53 million jobs. All types of tourism in India have registered phenomenal growth in the last decade ever since the Indian government decides to boost revenues from the tourism sector by projecting India as the ultimate tourist spot.
