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

What does the Gini Coefficient measure?

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What does the term “elasticity of demand” measure?

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What is meant by “crowding out” in economics?

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Which of the following best describes “capital formation”?

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Which of the following is an example of fiscal policy?

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What does the term “national income” refer to?

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Which is the largest source of tax revenue for the Government of India?

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What is the objective of the Goods and Services Tax (GST)?

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Which of the following causes demand-pull inflation?

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