Impact of pandemic on worldtourism industry-a specialreference to India
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Abstract/Description
In the post-World war era, the global economy has never encountered a debacle having equal damaging impact as has been done by COVID-19. The disruption in activities and daily life in most part of the world due to the imposition of lockdown to contain the pandemic contributed heavily towards steep decline in the economic scenario. Tourism which is basically based on travel and communication is obviously one of the sectors worst affected by this pandemic. Tourism is one of the world’s major economic sector and simultaneously it is the third largest export sector of global economy. For some countries it is contributing even 20% of GDP and in India it is 6.8%. The pandemic and the imposition of lockdown could reduce the global GDP by 1.5 to 2.8% and simultaneously 100 million direct tourism jobs are at risk. Similar impacts are visible in India also. The objective of our study is to analyze the impact of lockdown on global tourism with a special reference to India. For this purpose, we would do a comparative study of pre and post lockdown period in India and also globally to analyze the impact of pandemic. The variables chosen are contribution of tourism in GDP in India and globally, contribution of tourism in employment generation in India and globally. The study is done graphically, and it is based on secondary data. Also, an attempt has been made to innovate feasible measures to bring back tourism to the state where it was before the pandemic. A revival package by the Government will work as a booster for the industry in the current situation. The less explored domestic tourism utilizing the local resources can be a prominent ray of hope and should be provided its due weightage.
Keywords
Employment, GDP, Linkage effect, Financial crisis, Revenue, Domestic tourism, Sustainability
Session Theme
Tourism, Culture and Economic Growth - Session IIB
Session Type
Parallel Technical Session
Session Chair
Dr. Sahar Nadeem, Chairperson, Department of Social Sciences & Liberal Arts, Institute of Business Administration, Karachi
Session Discussant
Dr. Qaiser Munir, Professor, Institute of Business Administration, Karachi
Start Date
3-4-2021 2:30 PM
End Date
3-4-2021 4:00 PM
Recommended Citation
Sanyal, R., & Banerjee, S. (2021). Impact of pandemic on worldtourism industry-a specialreference to India. CBER Conference. Retrieved from https://ir.iba.edu.pk/esdcber/2021/day2/9
Impact of pandemic on worldtourism industry-a specialreference to India
In the post-World war era, the global economy has never encountered a debacle having equal damaging impact as has been done by COVID-19. The disruption in activities and daily life in most part of the world due to the imposition of lockdown to contain the pandemic contributed heavily towards steep decline in the economic scenario. Tourism which is basically based on travel and communication is obviously one of the sectors worst affected by this pandemic. Tourism is one of the world’s major economic sector and simultaneously it is the third largest export sector of global economy. For some countries it is contributing even 20% of GDP and in India it is 6.8%. The pandemic and the imposition of lockdown could reduce the global GDP by 1.5 to 2.8% and simultaneously 100 million direct tourism jobs are at risk. Similar impacts are visible in India also. The objective of our study is to analyze the impact of lockdown on global tourism with a special reference to India. For this purpose, we would do a comparative study of pre and post lockdown period in India and also globally to analyze the impact of pandemic. The variables chosen are contribution of tourism in GDP in India and globally, contribution of tourism in employment generation in India and globally. The study is done graphically, and it is based on secondary data. Also, an attempt has been made to innovate feasible measures to bring back tourism to the state where it was before the pandemic. A revival package by the Government will work as a booster for the industry in the current situation. The less explored domestic tourism utilizing the local resources can be a prominent ray of hope and should be provided its due weightage.
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