Economic Impact of Tourism in Jammu and Kashmir

Nengroo, A. H., Bhat, G. M., & Khaki, A. R. (2016). 'Economic impact of Tourism in Jammu and Kashmir'. Indian Journal of Economics and Development, Vol 4 (3), March 2016, pp 1-5.

5 Pages Posted: 13 Dec 2017

See all articles by Audil Khaki

Audil Khaki

American University of Middle East

Ghulam Mohammad Bhat

King Saud University - College of Business Administration

Nengroo Aasif

University of Kashmir - Department of Economics

Date Written: March 4, 2016

Abstract

Background/Objectives: Jammu and Kashmir State has a greater potential to become a major tourist destination in the world. The role of tourism in the economic development of J&K state has been an area of immense interest from policy perspective. To understand the economic impact of tourism in the J&K state, present paper tries to examine various parameters of economic development such as tourist inflow, employment generation, State Gross Domestic Product, development of infrastructure and regional development.

Methods/Statistical analysis: The study is based on secondary data. Data has been collected from various sources like Ministry of Tourism Government of India, Jammu and Kashmir Tourism Development Corporation and Directorate of Tourism, Annual Economic survey of J&K, United Nations World Tourism Organisation, World Travel and Tourism Council and other published research papers and official reports.

Findings: We found apart from agriculture sector, tourism sector is the most popular source of income and employment generation for the J&K state economy. The Year 2011 has made history in terms of surpassing all previous records of tourists and pilgrim arrivals in the state. Our analysis shows that except in 2008-09 when there was greater political instability in the state, the revenue earned from Director Tourism Kashmir/Jammu has shown a continuous increasing trend and has increased around three fold from 2006-07 (Rs 32.25 Lakh) to 2011-12 (Rs 93.3 lakh). Further the analysis of our data shows that there is a positive impact of tourist inflow on employment i.e. with the increase in tourist inflow, total employment also rises

Keywords: Tourism, Regional Development, Kashmir Tourism

Suggested Citation

Khaki, Audil Rashid and Bhat, Ghulam Mohammad and Nengroo, Aasif Hussain, Economic Impact of Tourism in Jammu and Kashmir (March 4, 2016). Nengroo, A. H., Bhat, G. M., & Khaki, A. R. (2016). 'Economic impact of Tourism in Jammu and Kashmir'. Indian Journal of Economics and Development, Vol 4 (3), March 2016, pp 1-5.. Available at SSRN: https://ssrn.com/abstract=3085423

Audil Rashid Khaki

American University of Middle East ( email )

Eqaila
Kuwait
Kuwait, Ahmadi 15453
Kuwait
+965 2225 1400 (Phone)
+965 2225 1400 (Fax)

HOME PAGE: http://www.aum.edu.kw

Ghulam Mohammad Bhat

King Saud University - College of Business Administration ( email )

B.P. 2459
Riyad, 11451
Saudi Arabia
00966508436434 (Phone)

Aasif Hussain Nengroo (Contact Author)

University of Kashmir - Department of Economics ( email )

Hazratbal Srinagar
Srinagar, Kashmir 190006
India

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