Topic Details (Notes format)

Tourism and Hospitality Industry

Subject: Economics

Book: Comprehensive Indian Economy

Tourism generates foreign exchange, creates employment, and promotes cultural exchange. Initiatives like PRASAD (pilgrimage rejuvenation) or Swadesh Darshan enhance infrastructure around key heritage sites. Medical tourism is a fast-growing niche, leveraging cost-competitive health services. Despite potential, the industry faces bottlenecks in connectivity, hygiene, and skill deficits among service staff. Students should highlight synergy with allied sectors—transport, handicrafts, local SMEs—and how digital marketing or e-visa policies boost inbound travel. In exam answers, connect tourism growth to local community benefits, balanced with preserving cultural heritage and ecological concerns.

Practice Questions

Which of the following measures can reduce a trade deficit?

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What is the Phillips Curve?

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What is “fiscal stimulus”?

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What is “CRR” in banking terminology?

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What does “primary sector” of the economy include?

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What is meant by “marginal propensity to consume”?

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What is the primary purpose of Special Economic Zones (SEZs)?

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