Impact of Tourism Sector on Development of Karnataka Economy: A Case Study in Mysore District

Abstract

Tourism enjoys an advantage for development in small developing states and not surprisingly it has been one of the fastest-growing economic sectors over the past 10 to 15 years. However, given the vulnerability of developing states, there is growing concern about the environmental sustainability of tourism, the potential impacts of further liberalization in the sector and the need to enhance tourism’s economic and social development contribution. A few vertically-integrated corporations, located primarily in developed countries, are increasingly controlling international tourism. Tourism has emerged from being a relatively small-scale activity into one of world’s largest industries and a fastest growing global economic sector of the world economy from the 1960s onwards. In this Study an attempt is made to evaluate the Impact of Tourism Sector on Development of Karnataka Economy with special reference to Mysore District.