Economic Importance Of Tourism In India Wikipedia

Tourism in india is important for the countrys economy and is growing rapidly. Economic importance of tourism in india.

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It also examines the impact of indias economic growth on tourism contributors to economic growth role of tourism industry in indias gdp foreign versus domestic tourists.

Economic importance of tourism in india wikipedia. Factors such as low cost scale and range of treatments provided in the country add to its attractiveness as a medical tourism destination. As mentioned earlier india is a vast country of great beauty and diversity and her tourist potential is equally vast. Tourism requires and therefore brings countrys overall growth and development socio economic importance of tourism this is the reason which perhaps makes tourism much more important than any other industry or sector.

Positive impacts are related more to the materialistic well being rather than to the happiness of a host community or tourist. Positive and negative economic impacts of tourism. Despite the economic slowdown medical tourism in india is the fastest growing segment of tourism industry according to the market research report booming medical tourism in india.

The report adds that india offers a great potential in the medical tourism industry. The hotel industry alone employs 150000 people. It generates employment and promotes enterprises and gives fillip to economic development and appreciation of cultural similarities and differences.

Tourism in india has a strong relevance to economic development cultural growth and national integration. This revenue directly impacts the economy especially in sectors such as hospitality hotels construction handicrafts horticulture and agriculture. The economic importance of tourism in india can by no means be underestimated.

Tourism thus liberalizes their mind and helps the people to strengthen the bonds of friendship international understanding and co operation. The world travel and tourism council calculated that tourism generated 1691 lakh crore us240 billion or 92 of indias gdp in 2018 and supported 42673 million jobs 81 of its total employment. It benefits the people living in and around tourist centers financially.

The paper also explores that there has been a tremendous growth in tourism in india because of the policies of the government and support from all levels. It benefits the people living in and around tourist centers financially. Tourism is important in india because.

Heritage culture and uniqueness of the country is made known to the foreign tourists and the domestic tourists of other parts of india. A positive impact is to increase or to make better either for the tourist the host community and residence andor the tourist destination. In 2010 the tourism industry brought in more than 14 billion and experienced an annual growth rate of 246 percent.

Fortunately for india the ministry of tourism of the central government and the departments of tourism of the different state governments are jointly trying to make all possible attempts to attract the tourists to this country.

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