Covid-19 to hit India's tourism sector by ₹5 lakh crore: reports

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Covid-19 to hit India's tourism sector by ₹5 lakh crore: reports

Apr 04, 2020 14:09 IST

As per some reports, India’s tourism sector may see an overall loss of ₹5 lakh crore and job cuts for 4-5 crore people. Of the total losses, the organised sector in the industry -- branded hotels, tour operators, travel agencies – may be hit the hardest with an estimated loss of around ₹1.58 lakh crore, according to Confederation of Indian Industry estimates.

Economy