Impact of Tourism on Indian Economy

1649 WordsDec 19, 20107 Pages
Market Survey By: Dr C. VETHIrAJAN IMPACT OF TOURISM ON INDIAN ECONOMY Tourism can generate maximum employment opportunity because of a large number of subsidiary industries. September 2008 and a 3.3 per cent growth in passenger traffic through September. The negative trend intensified during 2009, exacerbated in some countries due to the outbreak of the AH1N1 influenza virus, resulting in a worldwide decline of 4 per cent in 2009 to 880 million international tourist arrivals, and an estimated 6 per cent decline in international tourism receipts. Definition of tourism Tourism is travel for recreational, leisure or business purposes. The World Tourism Organisation defines tourists as people who “travel to and stay in places outside their…show more content…
Impact of India’s economic growth on tourism India is currently enjoying an economic boost and a successful financial system in place in our country has helped to build the image of brand India. Some economists credit success of the Indian financial system to the income generated by the tourism segment, movements across the crosssection of rising business opportunities, opening up of agricultural and educational sectors, and novel and attractive packaging for brandbuilding of India, which, in turn, have benefited the travel industry as well. Besides this, strategic planning of excursion packages, eco-tourism, sports events that bring the spotlight on India and greater patronage by greater number of MNCs heading to our shores have contributed to the growth of the Indian economy and thereby Indian tourism. The World Tourism Organisation reports that as many as 698 million people traveled to a foreign country in 2000, spending over $478 billion while on tour. If India too had a share in these results, then surely the impact of the Indian economy as a contributor to the rising world economy and on tourism cannot be ignored. More of free spending of disposable incomes, opening up of markets and better scope for industrialisation and earning opportunities have led the way for India’s economy to successfully launch the enhanced tourism sector. JUne 2010 Growth of tourism in India In recent years, tourism in India has

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