UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
Call for Paper
Volume 11 | Issue 3 | March 2024

JETIREXPLORE- Search Thousands of research papers



WhatsApp Contact
Click Here

Published in:

Volume 9 Issue 6
June-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

7.95 impact factor calculated by Google scholar

Unique Identifier

Published Paper ID:
JETIR2206710


Registration ID:
404812

Page Number

h59-h67

Share This Article


Jetir RMS

Title

SOCIO-ECONOMIC IMPACT OF ‘MAKE IN INDIA’ ON TOURISM AND HOSPITALITY SECTOR IN HIMACHAL PRADESH

Abstract

ABSTRACT Make in India is the key to revitalization of Indian economy. It is one of the schemes to pull back the economy from the clutches of recession, unemployment and balance of trade. Make in India initiative aims to correct the composition of Indian GDP which is the root cause of recession. Currently India’s GDP is heavily tilted in favour of the service sector. Three sectors which contribute to GDP of any country are agriculture, manufacturing and services. There are 25 major sectors of Make in India in which considerable FDI is allowed. FDI in India has witnessed a positive trend since the launch of Make in India campaign in 2014. FDI inflow from April 2014 to March 2020 (USD 357.35BN) is 52.5% of the overall FDI received in the country since April 2000 (USD 680.91 BN).for the first time India has crossed the USD 70BN mark in FY 2019-2 and recorded total FDI inflow of USD 73.45. Government has allowed 100% FDI except for Defence industry (74%) and Media of India (26%). Tourism and hospitality sector is one of the core sector in which 100% FDI is allowed. This sector is one of the biggest magnet of Forex in India and world as well. This paper is an attempt to study the fundamental mechanism of make in India with special reference to Tourism and Hospitality sector and perceptions of stakeholders of tourism and hospitality sector analysed to assess the socio-economic impact of Make in India. The finding of the study reveals that Make in India scheme is getting success in transforming the objectives of making India self reliant, jobs creation, increasing income, improvement in infrastructure facilities of tourism and hospitality in Himachal Pradesh.

Key Words

FY: Financial Year, FOREX: Foreign Exchange, FTAs: Foreign Tourist Arrivals, FDI: Foreign Direct Investment, GDP: Gross Domestic Product, USD: US Dollar, MN: Million, BN: Billion, T&H: Tourism & Hospitality, SA: Strongly Agreed, SDA: Strongly Disagreed, DA: Disagreed.

Cite This Article

"SOCIO-ECONOMIC IMPACT OF ‘MAKE IN INDIA’ ON TOURISM AND HOSPITALITY SECTOR IN HIMACHAL PRADESH", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 6, page no.h59-h67, June-2022, Available :http://www.jetir.org/papers/JETIR2206710.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"SOCIO-ECONOMIC IMPACT OF ‘MAKE IN INDIA’ ON TOURISM AND HOSPITALITY SECTOR IN HIMACHAL PRADESH", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 6, page no. pph59-h67, June-2022, Available at : http://www.jetir.org/papers/JETIR2206710.pdf

Publication Details

Published Paper ID: JETIR2206710
Registration ID: 404812
Published In: Volume 9 | Issue 6 | Year June-2022
DOI (Digital Object Identifier):
Page No: h59-h67
Country: Tehsil: Arki, District: Solan., Himachal Pradesh , India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


Preview This Article


Downlaod

Click here for Article Preview

Download PDF

Downloads

000293

Print This Page

Current Call For Paper

Jetir RMS