India and the Coronavirus Pandemic: Economic Losses for Households Engaged in Tourism and Policies for Recovery: Phase II

The COVID-19 pandemic had a severe impact on the economies of countries across the world, resulting in a sharp contraction in their respective Gross Domestic Product (GDP) figures and in the loss of jobs, particularly during the first half of 2020-21. India was no exception and suffered from the second wave of the pandemic during April-June 2021, followed by the third wave during the period November 2021-January 2022. These waves, resulting most prominently in travel restrictions and even travel abstinence, had the most severe impact on tourism economy. In order to quantify the impact of pandemic on tourism, this study aimed to estimate the impact in terms of GDP, employment and household incomes during all the three waves of the pandemic. This study is a sequel to the Phase I study in which the impact was estimated during the first three quarters of 2020-21.