Role of tourism in economic development of Himachal Pradesh: A case study on Beas circuit
Dr. Amrik Singh
Tourism has become one of the major international trade categories. Today, the export income generated by international tourism ranks fourth after fuels, chemicals and automotive products. For many developing countries, it is one of the main income sources and the number one export category, creating much needed employment and opportunities for development. Over the past six decades, tourism has experienced continued growth and diversification to become one of the largest and fastest growing economic sectors in the world. Over time, more and more destinations have opened up and invested in tourism development, turning modern tourism into a key driver for socio-economic progress. India is experiencing an incredible Development of tourism development. Tourism has become an appealing sustainable economic development strategy for the Less Developed Countries in dire need of alternative source of foreign exchange earnings. Next to oil, tourism is the net foreign exchange earner at the international level. It is the highest employer of labor in the tertiary sector of the World economy and the second largest after agriculture. Tourism potential impact on the economy cut across several sectors to include transportation, Manufacturing, food processing and packaging, construction, trade and commerce and other ancillary services. It is an international commodity, thus it has a global market from where it draws its patronage and there is no age barrier for its customers. Majority of members of less developed countries of world has realized the potential of tourism Development for rapid socio-economic development, capable of generating foreign exchange; reduce unemployment and improving the standard of the people. Every destination country is trying to achieve more gain by developing tourism industry. The expansion of the tourism throughout the world has increased competition among the tourist destinations, trying to attract more tourists by adopting appropriate marketing techniques and strategies. So that the decision making process is reliable to optimize the value of Role of Tourism industry in Economic Development of Beas Circuit in Himachal Pardesh. The purpose of this paper is to give an overview and discuss the status, issues and future perspectives of Tourism Contribution in Beas Circuit Himachal Pardesh India.