Tourism Industry In India

By: EconomyWatch   Date: 30 June 2010

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A brief introduction to Tourism Industry In India

Tourism industry in India has the ability to reign as the one of the most visited tourist addresses of the world as the demand is uprising by 10% annually. This discovery is made by the World Travel and Tourism Council or the WTTC. India ranks in the 153rd position spending 0.9% for tourism. Despite the fact that things were not going right in the global market due to SARS coupled with the Gulf war, Indian tourism faired pretty well in the tourism sector. India tourism department officials suggest people intended to go to USA and other adjoining countries but due to the war and the SARS infection decided to opt for India. Inbound travelers are usually from countries like UK and USA. Indians prefer to travel to the United States of America for spending their holidays.

Tourism Industry in India and the economic makeup:

Tourism industry in India is closely associated with other sectors as well. The associated industries in tourism include transportation, recreational activities, hospitality industry etc.Tourism industry in India also serves as an important platform for providing employment to many. Tourism industry in India has a major impact on the economic set up of the country.

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    Indian tourism industry is anticipated to be contributing at least US$16.3 billion which accounts to a total of approximately 5.4 % in the year 2014.

    Tourism industry in India provides ample scope for the recruitment of individuals directly in the travel and tourism industry or in other sectors related to the travel and tourism industry. Employment opportunities due to travel and tourism is expected to provide livelihood to as many as 12,441,200 individuals.

    The contribution of the tourism industry in India to the GDP or the gross domestic production can be reckoned to be approximately US$25.8 billion in the year 2014.

    By the year 2014, the capital investment is assumed to attain the US$21.4 billion mark.
    Indian tourism industry is attaining great heights in this competitive market. India boasts of a rich heritage and can be one of the best addresses for the holidaymakers. Ranging from seas, mountains, deserts, temples, mosques, churches, palaces and other historical places, to the exquisite cuisine from different areas the country make, India one of the hot spots for traveling.

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