Tourism as a Trade – Lifelines of National Economy

Tourism has become one of the major factors that shape the global economic landscape. The tourism industry is one of the largest and fastest-growing sector, and continues to expand and change to accommodate a growing number of tourists and travelers. More than 15 million people are directly engaged in the tourism industry.

Significance of tourism as a trade in India:

(i) Tourism in India has grown substantially over the last three decades.

(ii) Foreign tourist’s arrival has witnessed an increase, thus contributing to foreign exchange.

(iii) More than 15 million people are directly engaged in the tourism industry.

(iv) It provides support to local handicrafts and cultural pursuits.

(v) Tourism also promotes national integration.

(vi) It helps in development of international understanding about our culture and heritage.

(vii) Foreign tourists visit India for heritage tourism, eco-tourism, adventure tourism, cultural tourism, medical and business tourism.