The Growth of Tourism & its Impact on the Economy of Goa

Registration ID: IJNRD_209562

Published ID: IJNRD2311289

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Ankit Tikare, Dr. S V Satish

Tourism Industry, Economic development, GDP Growth, Economic Growth, Government Policies

This research paper investigates the growth of tourism and its profound impact on the economy in Goa, India. As tourism continues to play a vital role in national GDP growth globally, this study aims to understand the intricate relationship between tourism and economic development. Despite extensive empirical research, there remains inconclusive evidence regarding the exact impact of tourism on economic growth. The paper explores the Tourism-led economic development hypothesis (TLGH), emphasizing the positive multifaceted outcomes of tourism on an economy. Goa, a coastal paradise, is emblematic of how tourism can act as a catalyst for economic development. The study delves into the historical background, legislative initiatives, and cultural elements that have contributed to Goa's transition from a serene coastal town to a bustling tourist destination. It examines the challenges faced in balancing economic progress with environmental preservation and cultural sustainability. The review of literature demonstrates Goa's unique case as an example of how tourism can stimulate economic growth while preserving cultural heritage. Insights from various studies in Goa highlight the need for sustainable tourism practices, local community involvement, and government policies to ensure long-term success. The paper concludes with recommendations for fostering sustainable tourism, focusing on long-term planning, community involvement, diversification, service standards, crisis management, environmental responsibility, skill development, continued monitoring, cultural preservation, collaborative efforts, and effective marketing strategies. Lessons from Goa's experience can guide future policies to achieve economic success while maintaining the essence that makes destinations unique.

Published Paper   E-Certificate

Ankit Tikare & Dr. S V Satish (November-2023). The Growth of Tourism & its Impact on the Economy of Goa. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(11), c717-c721. https://ijnrd.org/papers/IJNRD2311289.pdf

Volume 8 Issue 11, November-2023

Pages : c717-c721

Paper Reg. ID: IJNRD_209562

Published Paper Id: IJNRD2311289

Downloads: 000122267

Research Area: Management

Author Type: Indian Author

Country: Bengaluru, Karnataka, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2311289.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2311289

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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