CONTRIBUTION OF TOURISM INDUSTRY IN CREATION OF ECONOMIC OPPORTUNITIES IN INDIA

Abstract

India is a fast growing economy in the world, with the contradiction that it has a vast percentage of population living with poverty. In order to overcome this problem, we must think of creating economic opportunities. Business sectors apart from government play a key role in this area. Tourism sector, being one of the fastest growing industries in the world and country can contribute maximum in creating economic opportunities. This paper studies the total contribution of tourism sector in creation of economic opportunities focusing upon its direct and indirect contribution in the nation’s Gross Domestic Product, providing employment and generation of foreign exchange over a period of past ten years. It also studies the opportunities and challenges present to this sector and suggest measures for its development.