Impact of Global Economic Recession on the Indian Tourism

The global economic recession affected almost every economy of the world both developed and developing in

different magnitudes. These effects were detected in greater amount and in greater number of economies

compared to previous global recessions, because of the increased volume of world trade supported by liberalised

trade policy of many developed and newly emerging market economies. The 2008 economic recession resulted

in the remarkable reduction in the international tourist arrivals which resulted in the loss of employment, sale of

goods and services, investment and income of those households which were directly or indirectly engaged in this

profitable economic activity. The tourism and hotel service in India was no exception, but it was not impacted in

the manner and magnitude as the other countries of the globe were affected by 2008 global economic recession.

It is because time has changed and we should not look India as it was in 80’s and 90’. It is now shielded by its

unprecedented growing Medical and Domestic tourism.