GLOBAL CRISIS IMPACT ON TOURISM INDUSTRY AND INDIAN ECONOMY

In light of the global economic crisis, the hospitality and the tourism industry faces many challenges. 2009 was one of such a significant downturn year for the entire Tourism Industry around the world and in turn for the country’s economy as well. The crisis has especially strong repercussions and adverse effects. Furthermore, it can be said that economic recovery is dependent on the tourism industry and it can act as a recovery engine for the economy. Numerous challenges was faced by the Tourism Industry and the Indian economy as a result of the 2009 Global crisis and it took almost 2-3 years for the economy to recover from that phase. Since there is no incidence of global crisis post-2008, this study has been conducted with a view to analyze the Impact of Global Crisis on the Tourism Industry and in-turn on the Indian Economy in case if the situation turns around back to the black year of global crisis.

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Keywords: Tourism Industry, Indian Economy, Global Economic Crisis.


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