Editor’s Note
This article highlights investor Vijay Kedia’s bullish outlook on India’s tourism sector, which he calls an “untapped goldmine” with potential to reach a $1 trillion valuation.
Renowned stock market investor Vijay Kedia stated on Sunday that India’s tourism sector holds immense potential. He described it as an untapped goldmine and estimated that the industry’s capacity is expected to reach $1 trillion in the coming times.
In a post, Kedia said that although the tourism sector contributed $253 billion to the country’s GDP in 2024, this year alone, the 45-day Kumbh Mela is expected to generate $40-50 billion in revenue. However, he noted that despite the vast potential in India’s tourism sector, infrastructure, safety, travel facilitation, hygiene, and marketing remain major challenges that need attention.
Kedia explained that India is a country with everything from stunning beaches and captivating mountains to vast deserts, royal palaces, beautiful snowscapes, magnificent temple architecture, spirituality, and adventure. He further stated that with the right focus, the tourism industry can create millions of jobs and boost the country’s economy.
His comments came amid global projections indicating strong growth in India’s tourism sector. In December 2024, Julia Simpson, President of the World Travel & Tourism Council (WTTC), said that India’s tourism industry is expected to double in value to $523 billion in the next decade, with employment rising from 45 million to 63 million.