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 term “elasticity of demand” measure?

View Question

Which of the following causes demand-pull inflation?

View Question

Which of the following is NOT a component of Aggregate Demand?

View Question

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

View Question

What is the primary goal of a progressive tax system?

View Question

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

View Question

What is the primary role of the Securities and Exchange Board of India (SEBI)?

View Question

What is the main purpose of monetary policy?

View Question

What does the Gini Coefficient measure?

View Question

What does “balance of trade” refer to?

View Question