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Unveiling the Economic Tapestry: Statistical Insights Into India's Thriving Travel and Tourism Sector
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Author(s): B. Jeyaprabha (SRM Institute of Science and Technology, India), S. Catherine (SRM Institute of Science and Technology, India)and M. Vijayakumar (SRM Institute of Science and Technology, India)
Copyright: 2024
Pages: 11
Source title:
Managing Tourism and Hospitality Sectors for Sustainable Global Transformation
Source Author(s)/Editor(s): Pankaj Kumar (Mizoram University, India), S.K. Gupta (HNB Garhwal University, India), Maximiliano E. Korstanje (University of Palermo, Argentina), Prakash Chandra Rout (PSS Central Institute of Vocational Education, India)and Madhurima (Department of Environmental Science, Mizoram University, India)
DOI: 10.4018/979-8-3693-6260-0.ch019
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Abstract
This research analyses the pivotal role of India's travel and tourism sector in its growing economy through comprehensive statistical analysis. Utilizing diverse quantitative data, the study unveils the sector's impact on GDP growth, employment, and foreign exchange. Beginning with an overview of the industry's current state, emphasizing rapid growth and evolving dynamics, the analysis delves into its contributions to various economic facets. Examining statistical data, the chapter underscores the sector's substantial role as a key driver of India's GDP, both directly and indirectly. A thorough exploration of employment statistics highlights the sector's crucial role in job creation. In conclusion, this study synthesizes extensive statistical data to emphasize the significant contributions of the travel and tourism sector to India's economic landscape. Aimed at informing policymakers, industry stakeholders, and researchers, the research facilitates evidence-based decision-making for sustainable economic development.
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