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The IUP Journal of Brand Management : |
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Description |
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Travel and tourism in India has now become a significant industry which
provides employment to about 41.8 million people (Chopra, 2008). Its contribution to
Gross Domestic Product (GDP) was 6.0% ($67.3 bn) in 2009 and is expected to be $187.3
bn by 2019. The recent "Indian Tourism Industry Forecast (2007-2011)" mentions that
in India, inbound tourist expenditure per head is third highest in the world, even more
than the global average tourist spending, and tourist influx to India is expected to increase
at a CAGR of 22.65% between 2007 and
2011. According to the Ministry of Tourism,
during the month of March 2009, Foreign Tourist Arrivals (FTAs) were 472,000 and the
decline in FTAs may be mainly due to the ongoing global financial meltdown. FTAs
during January-March 2009 were at 1.461
million.
India's share in international tourist arrivals, which was 0.34% in 2002, has
increased to 0.49% during 2005 and is expected to reach 1.5% by
2010. According to the Travel and Tourism Competitiveness Report 2009 brought out by the World Economic Forum,
India is ranked 11th in the Asia-Pacific region and
62nd overall in a list of 133 assessed
countries in 2008, up three places since 2007. |
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Keywords |
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Brand Management Journal, Gross Domestic Product, GDP,
Foreign Tourist Arrivals,
FTAs,
Research Methodology,
Demographic Variables,
Tourism
Marketing,
Global Economic Crisis,
Global Financial Meltdown,
Psychological and
Physical Environment,
Indian Tourism Industry,
Socioeconomic Status.
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