AN ANALYSIS OF CONTRIBUTION OF TOURISM INDUSTRY TO THE DEVELOPMENT OF INDIAN ECONOMY

Author Name: 1. Dr. Kiran Kumar P 2. Chikkappa Chikkannavar

Volume/Issue: 03/04

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://www.doi-ds.org/doilink/09.2022-22762138/UIJIR

Affiliation:

1. Assistant Professor, Department of Studies and Research in Economics, Rani Channamma University, Belagavi, Karnataka, India
2. Research Scholar, Department of Studies and Research in Economics, Rani Channamma University, Belagavi, Karnataka, India

ABSTRACT

The Indian tourism industry has flourished in the past few years, significantly contribution to the nation’s development, Gross Domestic Product, Foreign Exchange Earnings, and Employment. India with her enriched beauty is unambiguously one of the most viable candidates for promoting tourism. Tourism is growth-oriented industry with its impact on employment and foreign exchange potential of the country. This paper deals with the tourism development and Government policy in India, tourism contribution to the economic growth in India. And also this paper analyses the changes in number of tourist arrivals from 2011 to 2020. The number of tourist arrivals is directly proportional to the economic growth. India witnessed a grand total of 17.91 million Foreign Tourist Arrivals with its percentage share of 1.22 in world in 2019. Estimated Foreign Exchange Earnings of 211661 crore from tourism in India. The domestic tourism is also a major factor which is contributing to the growth in tourism sector.

Key words: Indian economy, Tourism, Employment, Growth