Role of ICT And Tourism in Economic Growth of India

Surender Kumar, Karuna Chauhan and Abhay Kumar Srivastava
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Surender Kumar: Jaipuria Institute of Management, Noida, India
Karuna Chauhan: H.P.U. Shimla, Shimla, India
Abhay Kumar Srivastava: Jaipuria Institute of Management, Lucknow, India

International Journal of Tourism and Hospitality Management in the Digital Age (IJTHMDA), 2017, vol. 1, issue 1, 1-16

Abstract: Tourism is being seen as an opportunity for the economic growth of developing economies as its demand is still growing. Over the years, tourism mediation has experienced major changes, including the arrival of the Internet and the application of Information and Communication Technologies (ICTs). This paper will investigates the relationship of ICT, tourism and growth of India by employing the cointegration, error correction models and Granger causality tests using annual data for last two decades. Major focus is to test the existence of long-term equilibrium relationship between international tourism, ICT and economic growth. In the Indian economy, it seems that tourism is led by economic growth and we are not able transform our strength in ICT to the expected level. In this study, we have made our efforts to highlight the ability of tourism, which can be made as leading factor to influence GDP through optimum use of ICT.

Date: 2017
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