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Tourism Satellite Accounts of India, 2009–10

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  • Ramesh Kolli
  • Poonam Munjal
  • Amit Sharma

Abstract

Tourism is an increasingly popular global activity and contributes significantly to the GDP and employment of an economy. However, its contribution to an economy is difficult to quantify as it does not fall in the system of national accounts (SNA) due to the demand-driven nature of activity. Where core national accounts cannot provide the required information, SNA suggests the development of satellite accounts within the framework, concepts and definitions of SNA highlighting the particular aspect of the economy, which in this case is tourism. Tourism Satellite Account (TSA) is the most comprehensive way to measure the economic importance of tourism in national economies. This article presents a summary of the study on India’s second TSA for 2009–10. It reveals that tourism’s direct share in India’s GDP is around 3.7 per cent and in employment is 4.4 per cent. Taking the indirect effects into account, these shares escalate to 6.8 and 10.2 per cent, respectively. JEL Classification: L830, C670, D570

Suggested Citation

  • Ramesh Kolli & Poonam Munjal & Amit Sharma, 2014. "Tourism Satellite Accounts of India, 2009–10," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 8(3), pages 301-326, August.
    • Handle: RePEc:sae:mareco:v:8:y:2014:i:3:p:301-326
    DOI: 10.1177/0973801014531136
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    References listed on IDEAS

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    1. Ramesh Kolli, 2011. "Measuring The Trade Sector In The National Accounts Of India," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57, pages 135-142, May.
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