How tourism helps in development of Indian economy?
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.
Why tourism is important for Indian economy?
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 much does tourism contribute to the Indian economy?
In 2020, the travel and tourism sector in India contributed around 4.7 percent to the total GDP of the country.
How does tourism contribute to economic development?
Tourism helps to “enhance employment opportunities and earnings, which can be of major economic significance to the local population” . In terms of employment, the local community could expand their earnings and socio-economic condition, which could lead to an improved standard of living.