- September 5, 2019
- Posted by: @webmaster
- Category: Current Affairs News
Why in News?
India was ranked 34th in the latest Travel and Tourism Competitiveness Index released by the World Economic Forum (WEF). The index 140 economies under various indices.
- India has jumped six places to be placed 34th in the latest report published by WEF. The improvement was driven by rich natural and cultural resources and strong price competitiveness.
- This improvement in ranking is the greatest among the top 25% countries of all countries ranked in the report.
- As per the report, China, Malaysia, Thailand, Brazil and India which are not high income economies but rank the top 35 in the overall list stand out in the Cultural resources and Business Travel Pillar through their combination of rich cultural and natural resources.
- Spain hold on its top spot of Index followed by France, Germany and Japan with the United States replacing United Kingdom in the top five.
- The report further added that Asia-Pacific was one of the fastest growing tourism region in this year’s ranking.
- From sub-regional perspective. India has better air infrastructure, overall T&T policy, infrastructure and information and communication technology readiness. Bu the country needs to improve upon its enabling environment and tourist service infrastructure.
About the Index
The Travel & Tourism Competitiveness Index (TTCI), that covered 140 economies, measures the set of factors and policies that enable sustainable development of travel and tourism sector which contributes to the development and competitiveness of a country.
The 140 economies were ranked in four sub-indexes: enabling environment, travel and tourism policy and enabling conditions, infrastructure, and natural and cultural resources. Together, these four sub-indexes include a total of 14 pillars, which are used to score a country’s overall travel and tourism competitiveness.