Tourism Sector and Indian Economy: An Evaluation from 2000 Onwards

Abstract

In this research paper it is illustrated how the travel and tourism industry boosts the Indian economy. Tourism can be defined as discovering explored or unexplored destinations. It comprises of understanding a different lifestyle, relishing the mouth-watering dishes and rejuvenating oneself. The Indian government has realized this and is therefore working towards achieving a target of 1% inbound tourist arrivals worldwide to India by 2021. The Government of India has started infusing funds into the industry through various schemes and projects like the Swadesh Darshan, Pilgrimage Rejuvenation and Spiritual Augmentation (PRASAD) etc. With the rise in stress and competitive lifestyle, people are ardently searching for alternatives to hit the road and rejuvenate themselves. They mostly opt for religious places as they feel that their, they will receive the peace and calmness they are looking for. There has been a 14% growth in the foreign tourist arrivals in India in 2017. Tourism has significantly helped the country by contributing majorly to the GDP, providing large-scale employment, promoting skilled and unskilled labor and by being a major source of foreign exchange earring. It is quite evident that the travel and tourism industry has achieved a positive growth and that it will further expand to achieve great height.