SATURDAY, 5 SEPTEMBER 2026
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Middle class fuelling India's rise in global tourism economy

There is still a lot of scope for growth in the global tourism sector. According to estimates provided by the organisation People Riches on India's Consumer Economy, India will occupy the fourth position by 2030 as the country that spends the most on travel in the world. By 2030, the travel expenses of Indians are likely to rise to nearly $410 billion, especially considering the pre-Corona era when that cost was $150 billion. With a large number of youths, our country will make a significant impression in terms of tourism. It has been observed that Indian tourists mainly travel to the United Arab Emirates, Thailand, Nepal, Singapore, Indonesia, Maldives, Hong Kong, the USA, the UK, Canada, and Vietnam. Considering the global population, it is projected to reach 8.5 billion by 2030. Among them, the number of the middle class will be around 4.8 billion. It is estimated that India's population will reach 1.66 billion by 2047 and the middle class will be 100 million. Compared to 2021, there has been a 140 per cent increase in Indian visa applications in 2022. The number of tourists going to America is increasing, with the number of Indians visiting America for tourism projected to reach 2.3 lakh by 2030. It is estimated that the coming period will be known as the era of tourism. There is also an expectation that the Indian middle class will be at the forefront.

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SC order gets rid of unfair electoral bonds system

DIOMEDES ROMANO PEREIRA, Corlim-Ilhas
Published Feb 18, 2024, 1:27 AM IST
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The Supreme Court's decision to strike down electoral bonds given by various business houses only to one political party, with 90 per cent of the major chunk going to that party and only 10 per cent to other political parties, was a major hassle and injustice to other political parties functioning. This electoral bond system was first started by the late Arun Jaitley, the former minister, to favour his party. It was said that the names of the business houses giving electoral…

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