Retailing in India is gradually inching its way toward becoming the next boom industry. The future is promising; the market is growing, government policies are becoming more favorable and emerging technologies are facilitating operations. Retailing in India is evolving rapidly, with consumer spending growing by unprecedented rates and with increasing no of global players investing in this sector. Organized retail in India is undergoing a metamorphosis and is expected to scale up to meet global standards over the next five years. The whole concept of shopping has altered in terms of format and consumer buying behavior, ushering in a revolution in shopping in India.
In fact they are contributing to the causes of national instigation. (d) Employment Generation No other sector of Indian economy has generated huge employment opportunities like the travel and tourism industry. The travel industry employees over 25000 people directly and thousands of indirectly in India. The world travel and tourism council forecasts that during the next decade more than 10 million jobs will be created by travel and tourism industry along across the world economy. (e) Earning of Foreign Currency The foreign exchange brought to India by the travel companies is a vital contribution toward the national economy.
Abstract This economic journal expresses how the Indian economy is being benefitted by the tourism sector, and how the tourism ministry in India is encouraging more international and domestic travel by launching campaigns worldwide like “Incredible India” and domestic campaigns like “athithi devo bhava”. Introduction Tourism has emerged as the world’s major social phenomenon of societies which is driven by the urge of humans to explore more, understand more, learn more and experience more. In today’s date tourism is the leisure activity of the masses, with people travelling to domestic and international destinations to get rid of the flatness of life. Tourism has played quiet an important role in the development of many countries with sizeable economic benefits and
Pro Poor Tourism: unlocking opportunities for rural youth Vibha Jantwal and Geeta Negi M.Sc. Agricultural Extension & Communication, Department of Agricultural Communication, G.B. Pant University of Agriculture & Technology, Pantnagar 263145 India India is one of the important tourist destinations, a position it has attained due to successful “Incredible India” campaign. Government is making sincere efforts to diversify its tourism sector. Tourism is one of the most important emerging sectors that is contributing 6.6% to national GDP, supporting 39.5 millions job and contributes 7.7% of total employment in the country.
The World Travel & Tourism Council figured that tourism created 6.4 trillion or 6.6% of the country 's GDP in 2012. It bolstered 39.5 million occupations, 7.7% of its aggregate employment. The area is anticipated to develop at a normal yearly rate of 7.9% till 2023 making India the third quickest developing tourism destination throughout the following decade. India has an extensive restorative tourism part which is relied upon to develop at an expected rate of 30% every year to reach about ₹95 billion by
It provides numerous facilities in order to serve all customer needs and satisfaction. These three sectors including event management, food and beverage and travel and tourism are the major parts that bring convenience to customer. In addition, for many years, hospitality industry has played a big role in many countries and world economics in order to gain income and provide job to unemployed. In the near future, this industry will continually grow up and become the main industry that will bring positive aspects to the
There has been enormous development over the years in Foreign Tourist arrival to India due to a range of efforts made Government by means of various schemes. Foreign Tourist Arrivals (FTAs) in India increased from 2.65 million in the year 2000 to 7.74 million in 2014. The Foreign Exchange Earnings from the tourism industry were increased from 3,460 million in 2000 to 19,657 million in the year
The actual expectations of industry will be explored only through effective interaction between the industry and institute. The industry is facing Global competition, Unemployment & underemployment. It is very important to recognize the talent of Indian youth who are quite capable of performing the varied task in the organization. Only the hindrance coming across them is their unwillingness for hard work, lack of training and acquiring the skill-sets required by the industries. Hotel industry has been the fastest growing industry in the world due to growing importance of tourism & travel.
Social and Economic Impacts of Tourism in India INTRODUCTION India as a tourist destination entices immense attraction from various sectors. Tourism has emerged as one of the major industries to boost the Indian economy, contributing substantially to foreign exchange earnings and serving as a potential generator of employment opportunities. India has immense possibilities of growth in the tourism sector, with its vast cultural and religious heritage and varied natural attractions, but the country has only a meagre share in the world tourism. India’s rich cultural heritage and glorious traditions are linked with the development of tourism in India. IMPACTS OF TOURISM IN INDIA Positive Impacts Generating Income and Employment:
2.3 GROWTH OF INDIAN RETAIL INDUSTRY According to the 8th Annual Global Retail Development Index (GRDI) of AT Kearney, Indian retail industry is the most promising and emerging market for investment. In 2007, the retail trade in India had a share of 8-10% in the GDP (Gross Domestic Product) of the country. In 2009, it had raised to 12%. It is also expected to reach 22% by 2010 and expecting continuous increase in the percentage. According to a report by North bride Capita, the India retail industry is expected to grow to US$ 700 billion by 2010.