Indian tourism industry – a yardstick to GDP

Vedapradha R. (), Hariharan Ravi and Niha Asif
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Vedapradha R.: Department of Commerce & Management, St. Joseph’s College of Commerce (Autonomous), #163, Brigade Road, Bangalore – 560025. Mob: +91 8861217955
Hariharan Ravi: Department of Commerce & Management, St. Joseph’s College of Commerce (Autonomous), #163, Brigade Road, Bangalore – 560025
Niha Asif: Department of Commerce, Teachers’ Academy Degree College, #198/1(18), Teachers Academy Circle, HBR Layout, 2nd Block, Hennur Main Road Kalyan Nagar, Bangalore-560 043

European Journal of Tourism, Hospitality and Recreation, 2017, vol. 8, issue 2, 140-146

Abstract: Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in the areas of generating income, employment opportunities, one of the sources of foreign exchange earnings, infrastructure development and promotion of national heritage and culture, which contributes towards the national gross domestic product (GDP). This article is empirical about the contribution and impact of foreign exchange reserve, earning and the arrival of tourists on the growth of tourism industry and GDP in India. The researcher has collected secondary data, and the variables are assessed with the help of correlation and regression analysis to analyse the impact of tourism towards GDP in the country. The finding of this article is that domestic tourism is the only independent variable having significance in the GDP.

Keywords: GDP; Foreign exchange reserve; Tourism; and earnings (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ejothr:v:8:y:2017:i:2:p:140-146:n:5

DOI: 10.1515/ejthr-2017-0013

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