ISSN 2394-5125
 

Research Article 


THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION

KARUNA KALITA.

Abstract
The economic impact of the 2020 corona virus pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics and this drop is mainly due to the corona virus pandemic effect on the Indian economy. Due to the pandemic and unavoidable guidelines like lockdown one of the most affected industries is the Travel and Tourism Industry. For many years, the travel and tourism industry has maintained its position as an important growth machine and job creator for the global economy. According to the World Tourism and Tourism Council (WTDC), the sector contributes $ 8.9 trillion to world GDP at a rate of 3.5%, and one in every 10 jobs created by the sector worldwide is approximately 330 million. India's travel and tourism sector continues to grow, creating 87.5 million jobs and adding US $ 194 billion to the country's GDP in 2019. This study intends to present the disruptive impacts of the COVID-19 pandemic the very potential Travel and Tourism in India as per the early observations seen.

Key words: Travel & Tourism, COVID-19, GDP, Economic Impacts, Employment


 
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Pubmed Style

KARUNA KALITA,. THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION. JCR. 2020; 7(17): 3056-3062. doi:10.31838/jcr.07.17.383


Web Style

KARUNA KALITA,. THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION. http://www.jcreview.com/?mno=137829 [Access: August 18, 2021]. doi:10.31838/jcr.07.17.383


AMA (American Medical Association) Style

KARUNA KALITA,. THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION. JCR. 2020; 7(17): 3056-3062. doi:10.31838/jcr.07.17.383



Vancouver/ICMJE Style

KARUNA KALITA,. THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION. JCR. (2020), [cited August 18, 2021]; 7(17): 3056-3062. doi:10.31838/jcr.07.17.383



Harvard Style

KARUNA KALITA, (2020) THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION. JCR, 7 (17), 3056-3062. doi:10.31838/jcr.07.17.383



Turabian Style

KARUNA KALITA,. 2020. THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION. Journal of Critical Reviews, 7 (17), 3056-3062. doi:10.31838/jcr.07.17.383



Chicago Style

KARUNA KALITA,. "THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION." Journal of Critical Reviews 7 (2020), 3056-3062. doi:10.31838/jcr.07.17.383



MLA (The Modern Language Association) Style

KARUNA KALITA,. "THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION." Journal of Critical Reviews 7.17 (2020), 3056-3062. Print. doi:10.31838/jcr.07.17.383



APA (American Psychological Association) Style

KARUNA KALITA, (2020) THE ECONOMIC IMPACT OF COVID-19 PANDEMIC ON THE INDIAN TRAVEL AND TOURISM INDUSTRY- AN EARLY OBSERVATION. Journal of Critical Reviews, 7 (17), 3056-3062. doi:10.31838/jcr.07.17.383