News Desk, Press24 News, New Delhi
Published by: Jeet Kumar
Updated Wed, 28 Jul 2021 01:55 AM IST
Union Tourism Minister G Kishan Reddy told in the Rajya Sabha that the corona virus epidemic has affected more than three crore people directly connected with the tourism sector of the country.
hear the news
In a written reply in Rajya Sabha, Reddy said that the corona pandemic has affected about 3.5 crore people who are directly working in the tourism sector. He informed that as per the results of the study conducted by the National Council of Applied Economic Research, the tourism economy or tourism direct gross value added saw a decline of 42.8 per cent in the first quarter due to the overall economic slowdown during 2020-21.
However, due to the unlock, the sector’s economic condition improved marginally in the second and third quarters of the last fiscal, when the TDGVA declined by 15.5% and 1.1%. Reddy said a large number of jobs were lost in the tourism sector after the lockdown was imposed.
A survey has revealed that 28 per cent of Indians are planning to travel from August to September this year, while there is a possibility of a third wave of coronavirus in the future. However, more than half of those surveyed said they had no travel plans.
Economy may fall by eight percent in the financial year 2020-21
The Government of India has projected a decline of eight percent in the economy in the financial year 2020-21. Earlier in January, the economy had projected a decline of 7.7 percent in the current financial year 2020-21. On the other hand, amid the Corona virus epidemic, the Indian economy grew by 0.4 percent in the third quarter October-December after declining for two consecutive quarters in the current financial year.
Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.