Abstract
We are living in the world of globalization where competition is inseparable part of every business. It is possible to devolved countries to survive in this competition because of access to various economic resources. Purpose-This study focuses on one of such economic integration i.e. BRICS and has compared international Receipt of tourism among BRICS nations. This research has also appraised India‘s position among BRICS Nations in connection with international receipts of tourism. Research Methodology-To accomplish objectives of the research data gathering has been done form official website of Organization for Economic Cooperation and Development. A panel of data of BRICS nations from the year 2008-2019 has been built and various research tools were employed for analyzation of data. Finding-Statistics evaluation performed by utilizing the tool of ANOVA shows a statistically significant difference between the International receipts of tourism of BRICS nations. Also, apart from Brazil and South Africa, all other groupings of BRICS are displaying a statistically significant variance in terms of international receipt of tourism. Originality/Value-Data collection has been done from official website of OECD and all implications are from published research papers of authors from tourism domain.
Highlights
BRICS is a grouping acronym which refers to the developed-country countries of Brazil, Russia, India, and China at a similar stage in their economic growth
The results show that tourism is the driving force for economic growth in Turkish and helps us reduce the country's current-account deficit
It is clear from the diagram that receipt of tourism of India is showing an upward trend. it means collection of International Receipts is increasing with time
Summary
BRICS is a grouping acronym which refers to the developed-country countries of Brazil, Russia, India, and China at a similar stage in their economic growth. It is possible to devolved countries to survive in this competition because of access to various economic resources. Generates thousands of jobs, develops a country's infrastructure, and creates a sense of civilizing interface between people and foreigners [20]. The main objective of conducting this analysis was to observe the India position into Tourism earning in BRICS Nations. This will help us to develop an insight in comparative performance in tourism and build an observation on scope of improvement and interventions in Tourism Industry [5]
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