Economic Contribution and Regenerative Tourism Potential:  A Study of Foreign Tourism in India (2000–2024)

S Bezalel Syce; K Domnic Thavagnana Nachathiram

doi:10.34293/management.v13iS1-i1-Feb.10364

S Bezalel Syce Research Scholar, Department of Management Studies, Periyar Maniammai Institute of Science and Technology, (Deemed to Be University), Vallam, Thanjavur
K Domnic Thavagnana Nachathiram Assistant Professor, Department of Management Studies, Periyar Maniammai Institute of Science and Technology, (Deemed to Be University), Vallam, Thanjavur

DOI: https://doi.org/10.34293/management.v13iS1-i1-Feb.10364

Keywords: Foreign Tourist Arrivals, Foreign Exchange Earnings, Tourism Growth, Economic Contribution, Regenerative Tourism, India

Abstract

Especially in developing countries like India, tourism plays a vital role for generating jobs and promoting economic progress. Using Foreign Tourists Arrival (FTA) and Foreign Exchange Earnings (FEE) as important indicators, this study investigates the financial consequences and potential for sustainable tourism of foreign travel in India between 2000 and 2004. Using descriptive statistical method to this study. Long term growth trends have been evaluated using trend line analysis and the relationship between FTA and FEEs was examined at the five percentage significant level using Pearson correlation coefficient. Considering significant disruption during global emergencies, including the COVID-19 pandemic, the findings shows a long-term growth in both FTA and FEEs. Additionally the result indicates a substantial positive and statistically correlation between visitor arrival and foreign exchange revenues from tourism. The post pandemic highlights the tourism industry’s capacity to encourage sustainable and regenerative economic growth, indicating the industry’s adoptability.