An Analytical Study on Role of the Tourism Industry in the Indian Economy

Abstract

The tourism industry in India has  mainly emerged as a pivotal sector contributing very significantly to that of  economic growth, employment generation, as well as  foreign exchange earnings. This paper provides a proper  in-depth analysis of the role of tourism in the Indian economy, focusing on its actual  direct as well as  indirect economic impacts, policy framework, and regional development. Using data from that of the main  Ministry of Tourism, World Travel & Tourism Council, and other forms of credible sources, the study explores the linkages between tourism, GDP contribution, as well as the  employment across formal as well as the  informal sectors. The paper also addresses challenges such as infrastructure, seasonality, and sustainability. The findings  also suggest that the sector holds  a very much immense potential for inclusive development, especially in  that of the post-pandemic recovery efforts.