<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

Indian tourism industry – a yardstick to GDP

Department of Commerce & Management, St. Joseph’s College of Commerce (Autonomous)

Department of Commerce, Teachers’ Academy Degree College

European Journal of Tourism, Hospitality and Recreation

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Indian tourism industry \u2013 a yardstick to GDP"}

Tourism industry plays a pivotal role in the economic development of a nation. This industry infuses opportunities with commendable impact on the economy in...

Indian tourism industry – a yardstick to GDP

Published Online: May 14, 2018

Page range: 140 - 146

Received: Feb 09, 2017

Accepted: Sep 15, 2017

DOI: https://doi.org/10.1515/ejthr-2017-0013

Keywords
GDP, Foreign exchange reserve, Tourism, and earnings

© 2017 R. Vedapradha et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Indian tourism industry – a yardstick to GDP

Published Online: May 14, 2018

Page range: 140 - 146

Received: Feb 09, 2017

Accepted: Sep 15, 2017

DOI: https://doi.org/10.1515/ejthr-2017-0013

KeywordsGDP, Foreign exchange reserve, Tourism, and earnings

© 2017 R. Vedapradha et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
GDP, Foreign exchange reserve, Tourism, and earnings