Tourism refers to the activity of visitors. A visitor is a traveler taking a trip to a main destination outside his/her usual environment for less than a year, for any main object (business, leisure or other personal purpose) other than to be employed toward a habitant entity in the country or place visited, according to UN World Tourism Organisation (UNWTO).
Tourism is an big social and economic phenomenon in many countries. It is a key driver of socio-economic progress through the creation of jobs and enterprises, infrastructure development and the export revenues earned.
Indian tourism industry
Compared to many countries, Indian service industry has the advantages of possessing a well-to-do and diverse range of unique tangible and intangible cultural, natural and man-made tourism resources, many of which are world class in quality. India’s great competitive strength from tourism point of view is its ancient and yet living civilization that gave rise to four of the world’s great religions and philosophies, and brought travelers and trade millennia ago. The rich natural and rural landscape of India is punctuated with the built heritage like its ancient past and modern structures. India’s contacts with other civilisations is reflected in the rich cultural diversity of its people through its languages, cuisine, traditions, customs, music, dance, religions practices and festivals, its holistic healing traditions, art and craft.
Overview like Indian tourism sector
Today, tourism is the most florid among the Indian service industry and has a strong hold on the economy. The sector contributes 6.23 via cent to the national gross domestic product (GDP) and 8.78 per cent of the omneity employment in India. Moreover, India stands 42nd in the world rankings in particulars of foreign tourist arrivals (FTAs) in the country, according to a report titled ‘Competitiveness of Tourism Quarter in India with Selected Other Countries of the World’ by Ministry of Tourism. The World Travel and Tourism Council (WTTC) named India as number of the fastest growing tourism industries for the next 10 to 15 years.
FTAs have shown a lump of 2.8 per cent in March 2013 over March 2012 while the growth rate in Foreign Trade Earnings (FEEs) from tourism in India stood at 21 by cent over the same period.
The Visa on Arrival (VoA) Scheme of the Government like India has registered a growth of 63 per cent during March 2013. A total number of 2,107 VoAs were issued last month as compared to 1,287 VoAs issued in March 2012.
Investment options in Indian tourism industry
Strong growth in per capita income in the country is driving tourism in India. A dodge in demographics with rising young population (coupled with changing lifestyles) is leading to greater expenditure on leisure services. The tourism program of Government of India aims at speedy implementation of tourism projects, development of integrated tourism circuits, special capacity church in the friendliness section and new marketing strategies.