'Tourism economy fell by 42.8 pc in same period'
New Delhi- Tourism economy fell by nearly 43 per cent and an estimated 14.5 million jobs were lost in the first quarter of 2020-21 as the Covid-19 pandemic and resultant lockdown decimated the sector which directly employed 34.8 million people in the country the year before, according to details provided by the government in Parliament.
The situation improved slightly in the second and third quarters of 2020-21.
In a written reply to a question in Rajya Sabha on Tuesday, Tourism Minister G Kishan Reddy said, “As per the results of the study conducted by National Council of Applied Economic Research (NCAER), due to the overall economic slowdown during 2020-21, tourism economy or tourism direct gross value added (TDGVA) saw a fall of 42.8 % in Q1; 15.5 % in Q2 and fall of 1.1 % in Q3.”
“It picked up slightly to post a fall of 79.5 per cent in Q2 and that of 64.3 per cent in Q3. A significant number of jobs were lost in the tourism sector once the lockdown was implemented. 14.5 million Jobs during Q1, 5.2 million during Q2 and 1.8 million jobs during Q3 are expected to have been lost as compared to estimated 34.8 million jobs in the pre-pandemic period of 2019-20 (direct jobs),” Reddy informed the House.
Be Part of Quality Journalism
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.