Tourism for inclusive growth

Tourism needs a proper ecosystem with necessary infrastructure to make the destination accessible.

The global economy has been greatly affected by the Covid-19 pandemic. According to Foreign Affairs , global growth declined by 4.4 percent in 2020 and has been further pushed down to $11 trillion this year. Around 100 million people are projected to have been forced into extreme poverty last year—the first rise in two decades. Lower-income countries have to bear the brunt of a global crisis in the form of war, terrorism, an outbreak of deadly diseases, petroleum crisis, and climate change. According to the IMF, advanced economies have been able to withstand the economic crisis with their monetary and fiscal stimulus packages equivalent to about 24 percent of their GDPs.