Question

describe the significance of tourism as a trade in India

Answer 1

Significance of tourism as a trade in India is stated in the points below
(i) Our country earns foreign exchange through tourism.
(ii) It promotes national integration.
(iii) It provides support to cultural pursuits and
develops international understanding about cultural heritage.

Answer 2

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. Tourism can offer direct and indirect aid to a nation’s economy. 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. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics.