Question

Explain the role of tourism as a service sector in jammu and kashmir

Answer 1

Answer:

Ability of tourism to earn foreign exchange and to raise income and employment has been well recognised in economic literature. In the state like Jammu and Kashmir where the scope of largescale industrialization is very limited and the potentialities of agricultural development are scarce, the role of tourism can be immense in the development of the economy. This paper highlights the economic contribution of tourism in Jammu and Kashmir economy and analyses its performance during the period from 2004-05 to 2012-13. In addition, bi-directional relationship between tourism and economic growth has been examined using OLS regression equations. The findings of the study reveal that there is a significant contribution of tourism in Jammu and Kashmir economy having on an average more than 7 per cent share in state income during concerned period. However, this sector has experienced disappointing growth viz-a-viz other sectors. Study establishes bi-directional relationship between tourism and economic growth in the state during the concerned period. Keeping in view significant contribution of this sector accompanied by disappointing performance, there is a dire need to emphasis this sector in better way through state policy so that it could be exploited at the optimum level and could contribute more extensively in economic life of the people in particular and in the economic growth of the state in general. Keywords: Jammu and Kashmir, Tourism, Economic Growth, GSDP, Service Sector.

Answer 2

• Tourism is the exertion of travelling to a place for pleasure.
• Tourism makes an enormous donation to original husbandry by creating employment openings and sustainable development.
• The Mughal emperor Jhangir said that if there's paradise on earth, it's then. J&K is also known as “ Paradise on Earth ”.
• J&K is well known for its scenic beauty, natural cascade, apple denes deep ravines, poplar trees, deodar trees, chinars, awful outlook, pollution free air, snow sheathe mountains, fascinating auditoriums , alluring lakes etc.
• Tourism in J&K is one of the most important sectors of frugality.
• Being the largest service assiduity, tourism is a significant contributor to the state GDP, foreign exchange for the country, provides wide spread employment, yields duty profit etc.
• Jammu and Kashmir has immense eventuality for Passage tourism also.
• Tourism assiduity is playing a vital part in the state frugality which is apparent from the fact that tourism sector accounts for5.92 of India's GDP and 8 to J&K frugality. There are wide prospects of tourism eventuality in Kashmir Valley.

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