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India is a large market for travel and tourism. It offers a diverse portfolio of niche tourism products - cruises, adventure, medical, sports, MICE, eco-tourism, and religious tourism etc. India has been recognized as a destination for spiritual tourism for domestic and international tourists. In 2020, the travel & tourism industry’s contribution to the GDP was US$ 121.9 billion; this is expected to reach US$ 512 billion by 2028. Tourists’ initial expenditure in the country creates revenue for hotels, restaurants, travel agents and other tourist services etc. This economic influence of tourism is termed as: a) Direct effect b) Indirect effect c) Induced effect d) Fast effect |
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Answer» Correct answer is a) Direct effect |
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