Importances Of Tourism
The word “tour” is derived from the Latin word “tornare” and the Greek word “tornos”, which means lathe or circle, the movement around a central point. The word “Tourism” is derived from the term ‘TOUR’ means “a journey from place to place or time to be spent at a station or rambling excursion”. In short “Tourism is the act or travel for predominantly recreational or leisure purposes, supporting the massive industry of tourism to cater the tourist needs of transportation, accommodation, food, entertainment, recreation, health and social contact”.
Tourism plays a crucial role in developing the socio economic conditions of individual and thereby of the country. Tourism industry helps the country to earn foreign currencies and it will generate
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Due to Foreign Tourist Arrivals (FTA) it grown as a very large industry by providing foreign exchanges, GDP contribution, employment opportunities. It starts with the abundance of natural beauty from Himalayas on the north, cool breezing see on the east, eye-catching places in the west and south. India is renowned for its cultural and religious festivals. The cultural inheritance and tradition was interrelated with the development of tourism in India. There has been enormous development over the years in Foreign Tourist arrival to India due to a range of efforts made Government by means of various schemes. Foreign Tourist Arrivals (FTAs) in India increased from 2.65 million in the year 2000 to 7.74 million in 2014. The Foreign Exchange Earnings from the tourism industry were increased from 3,460 million in 2000 to 19,657 million in the year …show more content…
in 2009-2010 6.77% and in the year 2012-13 it was increased to 6.88%. Also in terms of Employment generation both directly and indirectly also it shows the upward trend i.e. in 2009-10 it was 10.17% and in the year 2012-13 it was increased to 12.36%. It shows that the tourism industry in India plays an active role in the socio-economic development of an individual and the nation.
Financial Performance:
(Rupees in Crores) 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Turnover 413.43 299.75 392.36 423.06 440.64 469.58 522.00
Profit before tax 38.19 -20.51 -11.73 22.02 5.48 11.93 29.88
Profit after tax 25.38 -14.31 -8.59 8.54 2.99 9.42 23.62
Direct foreign Exchange earnings 20.10 15.09 14.12 20.38 19.73 15.87
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