Abstract
Trend Analysis of Foreign Direct Investment in Tourism Industry in India: An Empirical Study
Highlights
The role of FDI is very much observable in the tourism sector
Linear multiple regression model is used to establish relation between tourism FDI flows and identified independent factors based on data drawn for year 2000 to year 2016 subjected to availability of data
The stationarity is tested by applying ADF unit root test
Summary
The role of FDI is very much observable in the tourism sector . Tourism is a sector which has importance from leisure and fun activity point of views but it has some economic significance. A sector which has a significant contribution in economic output and which holds a vital place in generating foreign exchange earnings to many countries like Switzerland, Indonesia, India as well. Development, a number of steps have been taken to promote this sector. Promoting and increasing FDI in tourism sector is one such step that has been taken by many policy makers of the countries. It has been believed that opening and increasing the Foreign Direct Investment in Tourism sector will generate multiple of benefits like foreign exchange earnings which have significant impact on Balance of Payments position of a country, infrastructural development, enhancing goodwill and rapport of a foreign tourist, etc. In India Government has taken various steps to promote FDI in tourism sector. India has been emerged as a hub of various kinds of tourism like
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