The Economics of Holi: Celebrating Color, Culture, and Commerce
Holi, the vibrant festival of colors, is not only a time for joyous celebration and cultural festivities but also an occasion that holds economic significance. Originating in India, Holi has transcended borders and gained recognition as a global festival. In this article, we explore the economics of Holi, examining its impact on various sectors and shedding light on the financial aspects associated with this colorful extravaganza.
The Colourful Economics of Holi
1. Tourism and Hospitality Industry:
According to the Ministry of Tourism, Government of India, Holi attracts a substantial number of international tourists. In 2019, around 300,000 foreign tourists visited India during the Holi season.
A report by the Federation of Hotel & Restaurant Associations of India (FHRA...