Commenting on the potential of tourism, Mohanty said it is the only industry which has the capacity of earning foreign exchange without exporting any commodities, minerals and materials from the country. Tourism can be the largest employment generator for the country (both direct & indirect) and the highest foreign exchange earner for the country, he opined.
The total contribution of travel & tourism to employment (including direct & indirect) was 9.2 per cent in 2017.
By 2027, travel & tourism is forecast to support 4,98,68,000 jobs (9.6% of total employment, an increase of two per cent over the period), the memorandum stated.