Anu Priya, M and Rajasekaran, R (2016) Tourism Industry – The Impact on Indian Gross Domestic Product (GDP). Advances in Economics and Business Management (AEBM), 3 (6). pp. 612-617. ISSN 2394-1553

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Abstract

Tourism industry is the fastest growing industry in modern era. World tourism is considered as a significant factor in the economy of many nations. In hospitality Industry,tourism is generating more income to Gross Domestic Product (GDP) in India. Hence, this study has been taken to know about tourism and its financial impact on Indian GDP. India’s
glorious traditions and rich cultural heritage are closely related with the development of tourism. Tourism industry is the biggest service providing industry of India. Indian tourism is expected to cross 400 billion by 2019. This demonstrates the sector's enduring ability to generate economic growth and create jobs at a faster rate than the global economy, which is due to growth of 2.9% in 2015. Present research is a descriptive study and secondary data is used. Objectives were framed, research design prepared, required data have been collected and suitable analysis were given. Findings of the study reveal that Travel & Tourism industry focuses on the economic and social contribution which promotes sustainable growth for the industry, it also works with governments and international institutions to create jobs, to drive exports, generate prosperity and to create positive impact on GDP.

Item Type: Article
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Date Deposited: 03 Dec 2021 05:57
Last Modified: 03 Dec 2021 05:57
URI: http://ir.psgcas.ac.in/id/eprint/71

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