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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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Published Paper Details:
ROLE OF TOURISM INDUSTRY IN GROWTH AND EMPLOYMENT GENERATION OF INDIA
Authors
Arti A. Parmar,Dr. Manoj Shah
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Keywords
Foreign Tourist Arrival, Growth, GDP, Employment
Abstract
Abstract: The travel and tourism industry has emerged as one of the largest and fastest growing economic sectors globally. As per World Travel & Tourism Council Tourism Industry has contributed 9.2 % to total GDP of the economy and has shown 6.7% of growth in the year 2018.It has also created 42.67 million employment opportunities in the year 2018 and expected to generate 52.99 million opportunities in the year 2019.So it becomes necessary to study the growth in foreign tourist arrival and earnings out of it. The paper exposes the economic viability of the Indian tourism industry by employing secondary data taken from various national and international reports, journals, books, magazines and other pertinent literature of this discipline. This paper analyses the changes in number of foreign tourist arrival from 2012-13 to 2016-17 as well as share of tourism industry in GDP and employment generation in India. Descriptive research design has been used for the purpose. As far as tourism is concerned, the year 2017 was a remarkable year for India as it received more- than 10 million tourists for the first time in history, registering 14% growth in 2017 over 2016 and registered CAGR of 8.02%over 2012-13 to 2016-17.It also witnessed a foreign exchange earnings of 23,785 million US$ in the year 2016-17 over the year 2015-16 with a growth rate of 10.85% and having CAGR of 6.61% from 2012-13 to 2016-17It was also found out that although there is remarkable growth in FTAs and FEE the share of industry does not show increasing trend. The contribution to GDP from 2012-13 to 2015-16 is having negative CAGR of 8.91%.It was also observed that share in employment is also not increasing it reported CAGR of only 0.05% from 2012-13 to 2015-16.In conclusion, the government plays an important role in the tourism industry. Governments also have a role to play in building good road and communications' infrastructure, in curbing corruption, and creating political stability - all of which create a country which tourists are more likely to want to visit. There are many steps and campaigns intiated by govermennt as a result Tourism Indutsy is delivering such a growth It is a limitless industry with immense growth potential having clear remarkable positive impact on economic and social aspects of Indian economy.
IJCRT's Publication Details
Unique Identification Number - IJCRT2112405
Paper ID - 213969
Author type - Indian Author
Page Number(s) - d852-d859
Pubished in - Volume 9 | Issue 12 | December 2021
DOI (Digital Object Identifier) -
No Of Downloads - 428
Author Country - India, 362520, Diu, Diu, 362520, Commerce and Management, MBA All Branch
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Arti A. Parmar,Dr. Manoj Shah, "ROLE OF TOURISM INDUSTRY IN GROWTH AND EMPLOYMENT GENERATION OF INDIA", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.9, Issue 12, pp.d852-d859, December 2021, Available at :http://www.ijcrt.org/papers/IJCRT2112405.pdf
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