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Indian tourism industry – a yardstick to GDP

Author

Listed:
  • 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)

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.

Suggested Citation

  • Vedapradha R. & Hariharan Ravi & Niha Asif, 2017. "Indian tourism industry – a yardstick to GDP," European Journal of Tourism, Hospitality and Recreation, Sciendo, vol. 8(2), pages 140-146, December.
    • Handle: RePEc:vrs:ejothr:v:8:y:2017:i:2:p:140-146:n:5
    DOI: 10.1515/ejthr-2017-0013
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    Cited by:

    1. Marlena Wilk & dr Marta Daroń, 2018. "Zarządzanie kapitałem ludzkim w sektorze turystycznym," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 3, pages 111-121.
    2. Wearing, Stephen & Beirman, David & Grabowski, Simone, 2020. "Engaging volunteer tourism in post-disaster recovery in Nepal," Annals of Tourism Research, Elsevier, vol. 80(C).

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