Status of Tourism In India
Tourism has such a tremendous imprint on the imagination of people by its myriad manifestations and contributions to the economies of major and non industrialized nations. India is one among a few nations with a resurgent and consistently progressive economy with a blip of a recent economic slowdown. But the promise and potential of tourism still presents remarkable call for the stakeholders to make firm steps for its revival and strengthening.
Through a variety of mechanisms and showcasing like travel related symposiums, national lectures and the ciitourismfest, it signifies a systematic plan. A basic look at the facts from world travel and tourism council, global travel and tour agencies and individual national travel and tourist data tells of prominence, emergence and importance in their economies. In India it is the largest foreign exchange earner for the country. It employs a significant amount of people both directly and indirectly. Spawned growth in allied industry and sectors. The list is long but perhaps more important is the highlight it brings to a nations full potential in terms of tourism led growth. The ciitourismfest in India (5th -7th December at Chandigarh) is an opportunity to highlight its impact and progressive contribution to the growth and overall development of the country.
Importance of Tourism in Recession and Downturn.
Every growth reaches a point of saturation followed by a slowdown. Consistent endless growth is neither sustainable nor realistic. It's a vicious cycle of growth and stagnation and recession. Tourism holds potential even in tough times with a more realistic outlook. With this in mind the ciitourismfest draws attention to these areas of interest to jump start a slowdown affected sector. What can tourism do to promote sectoral growth and harmonize economy.
1-Promotes and drives local consumption and demand.
In times of extreme austerity and 'belt tightening' by local consumers to tide tough times, tourism will provide a chance for local consumption and demand.
2-Employment and allied industry.
Tourism peruse cannot be a standalone industry without support of other industry. It moves on principle of well being of other sectors. However it drives employment opportunities directly and indirectly in allied industry.
Major foreign exchange earner.
Being at the crux of foreign exchange earnings, it presents a good opportunity that even at slow pace of economic growth it pushes along the sources of critical foreign exchange earnings necessary for promotion of foreign trade.
It can be seen that tourism has held the hope of many nations and countries to change the dynamics of growth and through this forthcoming ciitourismfest; India has reared the gong that will sound the awakening of a sleeping giant.
Through a variety of mechanisms and showcasing like travel related symposiums, national lectures and the ciitourismfest, it signifies a systematic plan. A basic look at the facts from world travel and tourism council, global travel and tour agencies and individual national travel and tourist data tells of prominence, emergence and importance in their economies. In India it is the largest foreign exchange earner for the country. It employs a significant amount of people both directly and indirectly. Spawned growth in allied industry and sectors. The list is long but perhaps more important is the highlight it brings to a nations full potential in terms of tourism led growth. The ciitourismfest in India (5th -7th December at Chandigarh) is an opportunity to highlight its impact and progressive contribution to the growth and overall development of the country.
Importance of Tourism in Recession and Downturn.
Every growth reaches a point of saturation followed by a slowdown. Consistent endless growth is neither sustainable nor realistic. It's a vicious cycle of growth and stagnation and recession. Tourism holds potential even in tough times with a more realistic outlook. With this in mind the ciitourismfest draws attention to these areas of interest to jump start a slowdown affected sector. What can tourism do to promote sectoral growth and harmonize economy.
1-Promotes and drives local consumption and demand.
In times of extreme austerity and 'belt tightening' by local consumers to tide tough times, tourism will provide a chance for local consumption and demand.
2-Employment and allied industry.
Tourism peruse cannot be a standalone industry without support of other industry. It moves on principle of well being of other sectors. However it drives employment opportunities directly and indirectly in allied industry.
Major foreign exchange earner.
Being at the crux of foreign exchange earnings, it presents a good opportunity that even at slow pace of economic growth it pushes along the sources of critical foreign exchange earnings necessary for promotion of foreign trade.
It can be seen that tourism has held the hope of many nations and countries to change the dynamics of growth and through this forthcoming ciitourismfest; India has reared the gong that will sound the awakening of a sleeping giant.
Source...