Role of tourism in socio economic development in india
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The importance of tourism as an instrument for economic growth and employment generation, particularly in remote and backward areas, has been well recognized world over. It is the largest service industry globally in terms of gross revenue as well as foreign exchange earnings. Tourism plays an effective role in achieving growth with equity objectives which we have set for ourselves. The extant tourism literature suggests that the expansion on tourism sector can contribute to long-run macroeconomic performance of developing countries. India beiing high potential for the expansion of tourism industry can be a catalyst for the long-run socio-economic growth.
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