The document discusses several macroeconomic factors affecting tourism in India. It states that tourism accounts for 9.2% of India's GDP and has outperformed global tourism. Higher inflation increases prices of transportation, accommodations, and goods, which can impact tourism. Government policies on infrastructure, taxation, and technology also influence tourism. Lower interest rates boost investment, consumption, and economic activity, increasing GDP. While India has risen in tourism competitiveness, the sector saw 5.2% foreign tourist arrival growth in 2018 and is a major foreign exchange earner, but may be affected by economic slowdowns.