India’s Tourism Sector: Trends, Perspectives and Prospects

Author(s)	Durlav Barman
Country	India
Abstract	This research paper examines the long-term trends of key tourism indicators in India from 1991 to 2021. The analysis takes into account the major tourism indicators' long-term trends, as well as their compounded annual growth rates (CAGR).Tourism sector is a significant source of foreign exchange earning(FEEs), which further contribute to overall economic growth. In accordance to this analysis, the CAGR of foreign tourist visits from 1991 to 2021 appears to be quite low. Furthermore, inbound foreign tourist arrivals are relatively low when compared to domestic outbound. As such, tourism policies should be designed to attract a large number of foreign tourists, thereby increasing the FEEs and its share of GDP.
Keywords	Tourism, India, Trend Analysis, CAGR (Compound Annual Growth Rate)
Field	Sociology > Economics
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-02-28
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.38027
Short DOI	https://doi.org/g86w4q

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International Journal For Multidisciplinary Research