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 for the development of India?
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 does tourism help with development?
The impact of tourism
Tourism generates around $600 million a year and makes up around 90% of the government’s income from tax. This additional money has led to many improvements in the country. … Foreign companies own many of the resorts, which means that a lot of money leaves the country.
How does tourism help the economy of India?
The tourism industry contributes 7.3 per cent of GDP and accounts for 6.5 per cent of total exports. In addition to this tourism sector contribute 2.7 per cent of the total employment in the economy. As it is a highly labour intensive industry it provides employment to skilled, semi-skilled and unskilled persons.
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.
How does a tourism industry help to boost of economic condition of a country?
Tourism contributes to the growth of GDP and helps earn foreign exchange, both of which are directly or indirectly linked to employment generation, balance of payments, and poverty alleviation in the country. Tourism is further beneficial since it is regarded as smokeless labour intensive in nature.
How is the tourism helpful in the development of economy as a trade or industry?
Answer: It creates new job and employment opportunities. It stimulates trade, income and entrepreneurship – especially in small business sectors. The provision of new infrastructure which is available for non-tourism uses.
How can the tourism industry be developed?
How can you develop this?
- Step 1: Connect with local communities. …
- Step 2: Train them in tourism. …
- Step 3: Create cooperative ownership. …
- Step 4: Create community products. …
- Step 5: Create partnerships. …
- Step 6: Think about marketing your new product.
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.