describe the significance of tourism as a trade in India
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1.Travel and tourism play an important role in India’s economy; compared with other nations, India ranks 14th in the world in terms of its tourism sector’s contribution to the GDP.
At time of publication, the World Travel and Tourism Council predict India will sustain the fifth largest amount of growth in the tourism sector of any country.
2. Tourism can offer direct and indirect aid to a nation’s economy.
3. Direct benefits include economic support for hotels, retail shops, transportation services, entertainment venues and attractions, while indirect benefits include government spending on related infrastructure, plus the domestic spending of Indians employed in the tourism sector.
4.The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics.
At time of publication, the World Travel and Tourism Council predict India will sustain the fifth largest amount of growth in the tourism sector of any country.
2. Tourism can offer direct and indirect aid to a nation’s economy.
3. Direct benefits include economic support for hotels, retail shops, transportation services, entertainment venues and attractions, while indirect benefits include government spending on related infrastructure, plus the domestic spending of Indians employed in the tourism sector.
4.The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics.
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as travel long of people from one place to other either for enjoying or for knowing history of the place, all the tourism brought out a enhancement in the country development as many people are linked with tourism for their survival .and as all know India is a 7 the favorite holiday destiny in word that's why its increases the rate of development of our tertiary ( transport sector) and secondary( manufacturing) sectors henceforth it is important in our economical basis as increase in tourist result in increase in demands .and also tourism enrollment in our development is quiet higher then others which definitely result in a trade .
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