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ROLE OF THE TOURISM SECTOR IN THE GROWTH OF INDIAS ECONOMY
Author Name

Dr.Asha Shivaji Patil Assistant Professor Department of Economics Loknete Vyankatrao Hiray Arts, Sci. & Comm. College, Panchavati, Nashik

Abstract

This Paper aims to assess the significance of tourism as a key sector within the service industry in India and its influence on the nation's comprehensive economic growth. The tourism sector in India is expanding rapidly, showcasing immense potential for creating jobs and generating substantial foreign income, while also contributing to the nation's overall economic and social progress. It has emerged as the quickest-growing sector within the service industry, offering significant opportunities for further expansion. The primary goal of this document is to explore how tourism plays a role in the development of various multi-use infrastructure that benefits the local community, including transportation systems, healthcare facilities, sports centers, and upscale dining options for international guests. The enhancement of infrastructure has, in turn, led to the growth of other directly productive sectors. Nonetheless, the development of the tourism industry in India comes with its own set of advantages and disadvantages. This Paper seeks to offer a detailed examination of both the significant developments and the positive and negative effects of the tourism industry in India.

Keywords: Tourism, Demand; Foreign Exchange; Forecasting,



Published On :
2024-07-29

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