Tourism : A Source Of Development

Sudhir Maddela, Pradeep M.

Abstract


            Tourism has a prominent share in the world economy, in view of the succulent benefits, the developed and developing countries have given due importance to the tourism industry in their national development plans.  Today, tourism has become a white collar profession, environment friendly and one of the largest and fastest growing industry is providing employment to the largest number of labour force. According to the World Trade Organization (WTO), more than 700 million tourists travel internationally every year spending more than 300 billion US dollars, constituting 8 per cent of the total world exports, 30 per cent of international trade in services and more than one billion jobs.


Keywords


World Trade Organisation, Foreign Exchange, Earnings Gross Domestic Product, Environment, Employment

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References


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Reddy, A.K.V.S. (2008). Tourism – A catalyst for economic development seminar Volume, Department of Commerce and History, A.C. College, Guntur, A.P. Oct. 24-25, p.1.


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