Tourism industry plays a major role in any country’s economic development. It helps significantly to the country for creating the employment opportunities to the large number of people. Moreover, it is also one of the important engines to attract more foreign exchanges with its potential.
How tourism helps in development of Indian economy?
Tourism and hospitality industry contributes 6.8% of GDP of India, contributes 7.7% in total employment generated and provides foreign exchange of US$18.13 billion (IBEF, 2014). The tourism and hospitality sector is the third largest source of foreign exchange for India (makeinindia, 2015).
How tourism plays an important role in development for India?
Tourism has great importance in the economy and cultural development of India. It promotes national integration. It makes us aware of the beauty and rich cultural heritage of our nation.It promote inter-regional relationship. Tourism encourages cultural pursuits and provides support to local handicrafts.
How does tourism helps in the development of the country?
Tourism boosts the revenue of the economy, creates thousands of jobs, develops the infrastructures of a country, and plants a sense of cultural exchange between foreigners and citizens. The number of jobs created by tourism in many different areas is significant.
How is tourism development in India?
According to World Travel and Tourism Council, India will be a tourism hotspot from 2010-2020, having the highest 10-year growth potential. … The India travel and tourism industry ranked 5th in the long-term (10-year) growth and is expected to be the second largest employer in the world by 2019.
What are the benefits of tourism in India?
Direct benefits include economic support for hotels, retail shops, transportation services, entertainment venues and attractions, while indirect benefits include government spending on related infrastructure, plus the domestic spending of Indians employed in the tourism sector.
What is tourism industry in India?
The Tourism and Hospitality industry is one of the largest service industries in India. … India offers geographical diversity, world heritage sites and niche tourism products like cruises, adventure, medical, eco-tourism, etc. Incredible India has spurred growth in Tourists Arrivals and Employment.
How can tourism industry help the economy of the developing countries?
The most important economic feature of activities related to the tourism sector is that they contribute to three high-priority goals of developing countries: the generation of income, employment, and foreign-exchange earnings. … In these cases, long-term programs for tourism development have been designed.
What is the impact of tourism in India?
Generating Income and Employment: Tourism in India has emerged as an instrument of income and employment generation, poverty alleviation and sustainable human development. It contributes 6.23% to the national GDP and 8.78% of the total employment in India.
When tourism got established as an industry in India?
ITDC came into existence in October 1966 and has been the prime mover in the progressive development, promotion and expansion of tourism in the country.