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₹15 trillion losses due to covid-19

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₹15 trillion owing to the covid-19 pandemic. This is significantly higher than the ₹5 trillion loss estimated in March.Amid the relentless spread of the virus, tourism supply chains have broken down in India and recovery is not possible until the next five months, said the associations representing the tourism, travel and hospitality industry in India.“This makes the total impact to a minimum of nine months starting from March this year," read a statement from Faith.The direct and indirect economic impact of tourism industry in India is approximately estimated at 10% of India’s GDP.

This roughly puts the full year economic multiplier value of tourism in India at ₹20 trillion. Faith said minimum three quarters of tourism will be fully.

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Russia
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Detail statistic
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