Over 60% tourism jobs lost during the first wave of COVID-19

Foreign exchange earnings too reported a 76 per cent decline from January to December 2020 as compared to the corresponding period in 2019.

As a result of the overall economic slowdown during 2020-21, tourism economy or tourism direct gross value added (TDGVA) fell 42.8 per cent in Q1; 15.5 per cent in Q2 and 1.1 per cent in Q3, the Lok Sabha reply said, based on the findings from a study–India and the Coronavirus Pandemic: Economic Losses for Households Engaged in Tourism and Policies for Recovery, conducted by the National Council of Applied Economic Research.

Further, the reply also noted that: “Due to significant drop in tourist arrivals and hence tourism expenditure, during the pandemic, it is estimated that TDGVA plummeted by as much as 93.3 per cent in Q1 of 2020-21 over its level in the same quarter of the previous year. It picked up slightly to post a fall of 79.5 per cent in Q2 and that of 64.3 percent in Q3.”

Subscribe to BOTT Channels on WhatsApp & Telegram