INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
This research paper investigates the growth of tourism and its profound impact on the economy in Goa, India.
As tourism continues to play a vital role in national GDP growth globally, this study aims to understand the
intricate relationship between tourism and economic development. Despite extensive empirical research, there
remains inconclusive evidence regarding the exact impact of tourism on economic growth. The paper explores
the Tourism-led economic development hypothesis (TLGH), emphasizing the positive multifaceted outcomes
of tourism on an economy. Goa, a coastal paradise, is emblematic of how tourism can act as a catalyst for
economic development. The study delves into the historical background, legislative initiatives, and cultural
elements that have contributed to Goa's transition from a serene coastal town to a bustling tourist destination. It
examines the challenges faced in balancing economic progress with environmental preservation and cultural
sustainability. The review of literature demonstrates Goa's unique case as an example of how tourism can
stimulate economic growth while preserving cultural heritage. Insights from various studies in Goa highlight
the need for sustainable tourism practices, local community involvement, and government policies to ensure
long-term success. The paper concludes with recommendations for fostering sustainable tourism, focusing on
long-term planning, community involvement, diversification, service standards, crisis management,
environmental responsibility, skill development, continued monitoring, cultural preservation, collaborative
efforts, and effective marketing strategies. Lessons from Goa's experience can guide future policies to achieve
economic success while maintaining the essence that makes destinations unique.
Keywords:
Tourism Industry, Economic development, GDP Growth, Economic Growth, Government Policies
Cite Article:
"The Growth of Tourism & its Impact on the Economy of Goa", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 11, page no.c717-c721, November-2023, Available :http://www.ijnrd.org/papers/IJNRD2311289.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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