Empirics of Tourism Led Growth in India 1995 to 2016

Himanshu Rout (), P Mishra () and B Pradhan ()
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Himanshu Rout: Siksha O Anusandhan University India, Postal: IN
P Mishra: Central University of Punjab India, Postal: IN
B Pradhan: Siksha O Anusandhan University India, Postal: IN

Journal of Advanced Research in Management, 2018, vol. 9, issue 6, 1190-1201

Abstract: In the globalized world the travel and tourism have been considered crucial for achieving inclusive growth especially in less developed economies It has been increasingly recognised as a good contributor to national income and employment So it can be used an instrument for achieving a higher rate of economic growth of a country in the long run In this line of argument this paper examined the causal relationship between tourism and economic growth in the context of Indian States UTs in a panel data framework The empirical findings support the tourism led growth hypothesis in the long run and growth led tourism hypothesis in the short run Thus the policy choice is to make the tourism instrumental through its promotional strategies for the inclusive and sustainable development of India

Date: 2018
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