How's tourism important for economic development in India?
- by Casper Lockwood
- Apr, 10 2023
Tourism is essential for India's economic development and has been a major source of income for the country for decades. Tourism in India accounts for 8.1% of the country's Gross Domestic Product and is one of the biggest employers in the country. Tourism also helps India’s foreign exchange reserves and boosts the country’s balance of payments. As a result of tourism, many small businesses have been set up, providing employment to thousands of people. Additionally, it has helped improve infrastructure, making it easier for visitors to travel around the country. Tourism also helps preserve India’s rich cultural heritage, as visitors from around the world come to experience it. In conclusion, tourism is a crucial part of India’s economic development and has many positive benefits for its citizens.Read More