TOURISM FINANCE IN INDIA: AN ANALYTICAL PERSPECTIVE

Abstract

This paper delves into the intricate landscape of tourism finance in India, scrutinizing its structure, mechanisms, and impact on the nation's burgeoning tourism sector. By analyzing financial inflows, investment patterns, and policy interventions, this study aims to provide a comprehensive understanding of how financial resources are mobilized, allocated, and utilized to foster sustainable tourism development across the diverse regions of India.  Furthermore, the paper assesses the role of financial inclusion in promoting tourism, especially in emerging economies, and offers policy recommendations for enhancing the financial ecosystem to support the continued growth and resilience of the Indian tourism industry. The Indian tourism sector, characterized by its rich cultural heritage, diverse landscapes, and historical significance, holds immense potential for economic growth and employment generation .The tourism industry's capacity to foster economic development and stimulate integration has been recognized, highlighting its role in job creation and industrial growth. In light of the expanding global tourist market, many nations are intensifying their efforts to bolster their tourism sectors, with travel and tourism increasingly acknowledged as a driver of economic growth, particularly in emerging countries such as India.