Impact of Global Economic Downturn on Indian Hotel Tourism Essay
~ The institution defines the event as “a significant decline in economic activity across the economy, lasting more than a few months and normally visible in output, employment, real income and other indicators. A recession begins when the economy reaches a peak of activity and ends when the economy reaches its trough. Abstract. India has become one of the world's promising tourist destinations, attracting a large number of visitors each. due to its diverse climatic features and heritage cultures. It has a dramatic character. The global tourism industry has experienced steady growth in recent years. In. In this context, the sharing economy has changed the rules of global tourism and developed versatile technology. The travel and tourism industry would provide a huge boost to the Indian economy. 4 of India's GDP, to.