Check sibling questions

Why is tourism considered as a trade?

Answer

The exchange of commodities and services for money is known as trade. Tourism industry in the last few decades has grown exponentially as an important business sector. Some of the reasons for that are:

  •  Tourism provides support to local handicrafts.
  •  Many people are directly employed in the industry.
  •  India has a booming market for medical tourism, eco-tourism, adventure tourism, cultural tourism and business tourism.
  • Travelers from other countries contribute to foreign reserves .

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Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.