An analysis of foreign exchange earnings from tourism industry of India.

Abstract

The Ministry of Tourism has made various efforts to expand the tourism infrastructure at various destinations in India. These efforts are a judicious blend of traditions, legacy, religion and eco-tourism projects that intend to offer the tourists a holistic experience. With such rich culture and natural beauty Indian Tourism is a significant sector of the Indian economy and contributes significantly to the country’s gross domestic product (GDP) and foreign exchange earnings (FEE). The Indian tourism sector is also linked with important sectors such as transportation, infrastructure, and handicraft, which further helps in the growth and development of the country.

India currently holds the 12^th position in Asia and 68^th position in the list of overall in the list of the world's most attractive tourist destinations, as per the Travel and Tourism Competitiveness Report 2011 by the World Economic Forum (WEF). FOREX is foreign exchange earned by conversion of money of other country which means to be a value addition to a nation’s economy.

Keywords: - FOREX, GDP, FEE, WEF, Tourism Industry.