FAITH revises upwards forecast on tourism value at risk at up to Rs 15 trn

For the survival of the sector, a FAITH spokesperson said, "The tourism sector requires a customised sector-specific relief package, and it cannot be delayed any further"

Apex industry body Federation of Associations in Indian Tourism and Hospitality (FAITH) on Monday said it has further revised upwards its forecast on Indian tourism's economic value at risk at up to Rs 15 trillion.

Its first guidance, which was calculated and shared with the government in March 2020, had put tourism's economic value at risk at Rs 5 trillion from the ongoing coronavirus pandemic, FAITH said in a statement. This was revised further during the quarter as the situation deteriorated and the value at risk was put at Rs 10 trillion, it added.

"This has been revised again to