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 is an example of a capital receipt for the government?

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What does “primary sector” of the economy include?

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What is meant by “monetary policy”?

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Which of the following is an example of a non-renewable resource?

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What is meant by the term “current account deficit”?

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

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Which of the following is a feature of a command economy?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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Which of the following is NOT an example of a direct tax?

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Which term refers to an economy that has elements of both capitalism and socialism?

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