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ROLE OF TOURISM INDUSTRY IN INDIAN ECONOMY

Shankar B C B C

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Paper Contents

Abstract

The travel and tourism sector has become one of the largest and most rapidly expanding economic segments worldwide, significantly enhancing its contribution to global GDP and employment. In India, the tourism industry stands out as a crucial growth engine within the services sector, recognized as a burgeoning field that generates employment, serves as a vital source of foreign exchange, and stimulates economic activities benefiting local communities. Factors such as rising income levels, evolving lifestyles, a variety of tourism offerings, and supportive government policies are instrumental in shaping India's travel and tourism landscape. Nevertheless, the sector encounters challenges, including inadequate tourism infrastructure, global health and safety concerns for travelers, inconsistent tax structures across states, and a shortage of skilled manpower. To ensure sustainable development and the continued vitality of the travel and tourism industry, collaborative efforts among central and state governments, the private sector, and local communities are essential.

Copyright

Copyright © 2024 Shankar B C . This is an open access article distributed under the Creative Commons Attribution License.

Paper Details
Paper ID: IJPREMS41200052741
ISSN: 2321-9653
Publisher: ijprems
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