A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
Kumar, Anay
- Study of the Importance of Indian Tourism on Economic Development Over the Period 2000—2017
Authors
1 Department of Economics, M.P. Govt College Amb, Una, Himachal Pradesh-177203, IN
2 Department of Mathematics, Govt. Sr.sec. School Ghanari, Una, Himachal Pradesh-177212, IN
Source
Indian Journal of Economics and Development, Vol 7, No 1 (2019), Pagination: 1-7Abstract
Objectives: This work assesses the relationship between Gross Domestic Product, Foreign Tourist Arrivals, Gross Domestic Product and Employment in India over the period 2002 to 2017. The other objective is to observe the growth and performance of tourism in Gross Domestic Product of India. To study the different tourism policies and identify the best policies or suggestions for government of India.
Methods/Analysis: This study has used the Karl Pearson method for calculating the Coefficient of Correlation. The coefficients R12,R13,R14 & R24 have been calculated and these are between the 1.Gross Domestic Product, 2. Foreign Tourist Arrivals, 3. Foreign Exchange Earning, 4. Employment. The P.E. Maximum Limit, Minimum Limit, S.E., Significant of |r| and ‘t’ Test are also used to calculate the findings of the study.
Findings: The study finds that the coefficient of correlation between foreign tourist arrivals and gross domestic product i.e. R12 for the 1st period of study i.e. 2000-05 and in the 3rd period of study i.e. 2012-17 is highly positive and significant. Which clearly means that the gross domestic product of India depends upon foreign tourist arrivals? As it is observed in the 2nd period of i.e. 2006-11, the coefficient of correlation R12 is moderate positive &insignificant. According to the economic review of India, this was recession, yet then the coefficient of correlation which is moderate positive shows that the Indian gross domestic product depends upon foreign tourist arrivals whether which was decreased as compare to 1stperiod & 3rd periods of our observation. The resulted provided by R12 are also explained by the coefficient of determination i.e. r2. The value of r2, in the 1st period of study 2000-05,2nd period of study 2006-11 & 3rd period of study 2012-17 is 65.60%, 50% & 88% respectively. It clearly means that the variation in gross domestic product is highly in the 3rd period & lowest in the 2nd period of the study. As 2nd period of study was economic recession, yet then the variation in gross domestic product is not less than 50%. The employment was also increased in the 1st & 3rd period due to increment in the foreign tourist arrivals shown by the value of R24.
Keywords
Tourism, Employment, Gross Domestic Product, Foreign Exchange Earning, Foreign Tourist Arrivals.Full Text
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