INDIAN TOURISM INDUSTRY UNDER ECONOMIC MICROSCOPE

The Indian travel and tourism industry has immense potential to act as a catalyst in the socio economic development, which is evident from the role played by this labour intensive industry during the last two decades. Through its strong backward and forward linkages it generates employment in different sectors of economy, both for skilled and unskilled labour force. It helps in improving the living standard of remote rural and semi urban areas. It also plays important role in foreign exchange earnings, infrastructure development, and plays crucial role in the promotion of world famous Indian traditional Art and craft. Tourism industry has potential to strengthen the inclusive economic development. It is a limitless industry with immense growth potential having clear remarkable positive impact on economic and social aspects of Indian economy. Secondary data has been used to find out the impact of growing Indian tourism industry on various economic parameters which are vital for the overall economic development of a country