TOURISM AS A CATALYST FOR REGIONAL ECONOMIC DEVELOPMENT: A FINANCIAL PERSPECTIVE FROM SELECT INDIAN STATES
Abstract
This paper delves into the intricate landscape of tourism finance in India with a focused analysis on five key states: Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, and Karnataka. These states, known for their diverse cultural heritage, historical significance, and natural attractions, represent vital pillars of India’s tourism economy. The study examines the structure, flow, and effectiveness of tourism-related financial investments over a five-year period using simulated data, analyzing how these financial mechanisms influence tourist arrivals and broader economic indicators such as state GDP, employment rates, and infrastructure development. Special attention is given to public and private sector investment patterns, policy interventions, and the role of financial inclusion in enhancing regional tourism potential. By comparing trends across these states, the paper identifies regional disparities, successful financing models, and challenges in resource allocation. Ultimately, the study offers actionable policy recommendations to strengthen the financial ecosystem, support sustainable tourism growth, and position these states as competitive destinations in the global tourism market
Keyword : Tourism Finance, Economic Growth, Financial Inclusion, Sustainable Development, Policy Intervention, Investment.
This work is licensed under a Creative Commons Attribution 4.0 International License.
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