Tourism is one of the most growing and important sectors and plays an important role in boosting a nation’s economy. In a broader way, it plays a vital role in the growth and development of economies around the world.
For India it is one of the major sources of foreign exchange in the country. India has a varied landscape and topography to offer and this puts the country on the world map for tourism. Travelers find this diversity intriguing, making India one of the most sought after destinations in the world.
Tourism encourages the development of multiple-use infrastructure including hotels, resorts & restaurants, transport infrastructure (aviation, roads, shipping & railways), entertainment, and healthcare facilities. It also creates employment opportunities in various sectors related to the tourism industry, such as the communication sector, health sector and education sector.
There has been a significant increase in the willingness among travelers about home stays, which includes staying with a local family. This helps them to learn about the community, daily living, customs, and traditions of a particular area. The host benefits by generating revenue, which supports in their economic stability and reduces the need to look for another source of income such as resource extraction or relocation from their native to other places. The individual earns money by providing food and accommodation, the tourist enjoys the at-home feeling and enriches with the cultural understanding and exchange. Such small initiatives help in socio-economic development of communities living at or near a tourist destination by creating employment as well as small business opportunities to the locales and provides authentic tourist experiences.
Government relies on the travel & tourism industry among others for investment in the infrastructure development of the country. More and more tourists and visitors result in generating foreign exchange, enlarging consumer market and promoting exports along with a positive economic impact of personal income and tax revenue, increased standard of living, and more employment opportunities.
Tourism also creates a cultural platform for the tourists and localities through various exhibitions and events. Organizations and authorities earn by selling tickets, passes, gifts, etc. Tourism is a great opportunity for tourists and travelers to explore the cultural heritage & historic importance of a country. With the help of this, the new generation entrepreneurs get the chance to set up their start-ups and bring new innovations.
