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National Tourism Day 2022: Here’s How Tourism Play an Important Role in Economy

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Published on January 25, 2022. EST READ TIME: 4 minutes

National Tourism Day 2022 will be celebrated on January 25. This event is observed to encourage tourism inside the nation. It’s a day set aside to raise awareness about the significance of tourism and its role throughout the Indian market. This year the theme for National Tourism Day will be “Azadi ka Amrut Mahotsav.” Travelling is a hobby for many people and if you are planning your next trip, then it is preferable to have a travel insurance policy to safeguard your journey from financial expenses that might arise due to baggage loss, COVID-19 hospitilisation, flight cancellation, etc. Now let us see how tourism play an important role in Indian economy.

Role of Tourism in Indian Economy

Tourism in India is essential for the nation's economy and is multiplying. The World Travel and Tourism Council calculated that tourism generated ₹16.91 lakh crore (US$220 billion) or 9.2% of India's GDP in 2018 and supported 42.673 million jobs, 8.1% of its total employment.

1. Generating Income and Employment

Tourism in India has emerged as an instrument of income, employment generation, poverty alleviation and sustainable human development. Almost 20 million people are now working in India's tourism industry.

2. Source of Foreign Exchange Earnings

Tourism is an essential source of foreign exchange earnings in India. This has a favourable impact on the balance of payment of the country.

3. Preservation of National Heritage and Environment

Tourism helps preserve several places of historical importance by declaring them as heritage sites. For instance, the Taj Mahal, the Qutab Minar, Ajanta and Ellora temples, etc., would have been decayed and destroyed had it not been for the efforts taken by Tourism Department to preserve them. Likewise, tourism also helps conserve the natural habitats of many endangered species.

4. Developing Infrastructure

Tourism tends to encourage the development of multiple-use infrastructure that benefits the host community, including various means of transports, health care facilities, sports centers and hotels and high-end restaurants that cater to foreign visitors. In turn, the development of infrastructure has induced the development of other directly productive activities.

5. Promoting Peace and Stability

Tourism industry can also help promote peace and stability in developing countries like India by providing jobs, generating income, diversifying the economy, protecting the environment, and promoting cross-cultural awareness. However, critical challenges like adopting regulatory frameworks, mechanisms to reduce crime and corruption, etc must be addressed if peace-enhancing benefits from this industry are to be realized.

6. Growth of Ecotourism

Ecotourism, also known as ecological tourism, is travel to natural areas to appreciate the cultural and natural history of the environment while not disturbing the integrity of the ecosystem and creating economic opportunities that make conservation and protection of natural resources advantageous to local people. It involves travel to destinations where flora, fauna and cultural heritage are primary attractions. Ecotourism also minimizes wastage and the environmental impact through sensitized tourists. In addition, it can be one of the mediums to preserve local culture, flora and fauna and other natural resources.

7. Development of Rural Tourism

Rural tourism encourages rural life, art, culture and heritage of rural locations, benefitting the local community economically and socially as well as enabling interaction between the tourists and locals for a more enriching tourism experience. India’s rural, geographical and cultural diversity offers a wide range of tourism products and experiences. Increasing levels of awareness, growing interest in heritage and culture, improved accessibility to rural areas, and environmental consciousness play an important role in promoting rural tourism.

Conclusion

Tourism has become the world's largest industry, generating wealth and employment. In worldwide, this industry currently employs more than 200 million people. Moreover, tourism is one of the best instruments of economic development in all the way. The tourism industry in India is substantial and vibrant and the country is fast becoming a major global destination. Moreover, tourism industry is significantly supported to grow horticulture, handicrafts, agriculture, construction and poultry.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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