The Economic Effect of Tourist increase in MP

Analyzing the Impact of Tourism on the Economy of MP

by Ritu Tomar*,

- Published in Journal of Advances and Scholarly Researches in Allied Education, E-ISSN: 2230-7540

Volume 19, Issue No. 3, Apr 2022, Pages 193 - 197 (5)

Published by: Ignited Minds Journals


ABSTRACT

Economic growth is boosted by attracting more foreign direct investment (FDI) and building new infrastructure as a result of increased tourism development. In recent years, there has been a great deal of research on the contribution that tourism makes to economic development. Tourism has long been recognized as an important force for social progress and a method of fostering closer ties between people from different parts of the world, both economically and culturally. In recent years, several nations in both the developing and industrialized world have turned to tourism as a long-term development option. At both the national and local levels, the impact of tourism may be seen. Nationally, tourism has a significant roleadds to foreign currency profits and the balance of payments, while at the local level, tourism improves local lifestyles by creating jobs. It aids in the enhancement of living standards and infrastructure. In this chapter, we will look at the influence of tourism not just on Mandla economy, but also on its citizens.

KEYWORD

economic effect, tourist increase, MP, foreign direct investment, FDI, tourism development, economic growth, social progress, closer ties, national impact, local impact, foreign currency profits, balance of payments, job creation, living standards, infrastructure enhancement

INTRODUCTION

In recent years, tourism development has acquired worldwide significance as a driving force for economic development, agricultural development, energy development, and poverty reduction. Despite the fact that many experts disagree with the findings of empirical research, it is generally accepted that the rise of tourism contributes to the economy. Because of the strong multiplier impact tourism has on job creation, increased foreign currency profits, a better balance of payments, and encouraging the tourist supply sector, governments in developing nations encourage and promote tourism. By attracting more foreign direct investment (FDI) and building new facilities, tourism development boosts economic growth. In recent years, there has been a great deal of research on the contribution that tourism makes to the economic development of a country. A crucial factor in social progress and the expansion of social, economic and cultural links has been widely recognized throughout human history as tourism. Recent years have witnessed an increase in the number of emerging and developed nations embracing tourism as a long-term economic strategy. Every year, a large amount of money is invested throughout the world in the development of tourism as a contributor to economic growth. So, In this research, we'll look at how India's tourist industry expansion and economic growth interact.

LITERATURE REVIEW

VALENSI CORBINIANKYARA ET.AL (2021) Tanzania believed that tourism growth would outpace economic development after economic in the mid- 2000s, as a result of the country's tourism industry's consistent and substantial contribution to the country's annual GDP. Tourism and economic growth are seldom studied in Tanzania because of the lack of empirical evidence. These studies, which use the Granger causality and Wald test methodology, investigate Tanzania's tourism-economic development using yearly time series data on international visitor income, real GDP, and real effective exchange rates from 1989 to 2018. Additionally, the Impulse Response Function technique is employed in order to acquire insight into the quality of interactions and the length of time it takes for the causal impact to occur. The research shows to a close correlation between tourist development and economic growth. According to the paper, Tanzania should focus on economic techniques that encourage long-term growth in tourism as a viable economic source. SANA NASEEM (2021) Many economies throughout the world depend on tourism, and it has been the topic of in-depth research for many years. Due to a lack of research, this problem has not received appropriate attention in Saudi Arabia. This study explores the effect tourism plays in promoting economic development in Saudi Arabia using yearly time series data from 2003 to 2019. Statistical methods such as correlation coefficients and the unit root test, as well as the Johansen and Granger co-integration tests as well as regression co-integration tests, are all used to examine the link between tourism and economic growth. For a long time, tourism profits, tourism expenditures, and the number of tourists visiting a destination were all linked. The number of tourists visiting the country Arabia's economy is boosted by tourism. TAYEBEH FARAHANI ET.AL (2020) Tourism is important for a country's economic development. Given Iran's cultural, ecological, and historical attractions, it is essential to take efficient initiatives to attract international visitors in order to boost the country's economic development. For the years 1980 to 2015, this research looks at the influence of tourism on economic development using the neoclassical growth model. The Dickey-Fuller test and the Zeut-Andrews structural failure the reliability of the variables is evaluated using tests. Cointegration tests and vector error correction model (VECM) tests are used in Eviews software to examine long-term and short-term trends. short-run link between economic growth and tourism (V.9). Our empirical results show that tourism has a considerably greater short- and long-term influence on Iran's economic development in Malaysia, reflecting the country's tourist potential, which may have both a direct and indirect impact on economic growth. In addition, policymakers should work to expand tourism in Iran. MATHEW P. WHITE ET.AL (2019) Although the exposure-response relationship is poorly understood, spending time in natural surroundings may benefit one's health and well-being. We looked examined the relationship between recreational nature engagement and self-reported health and well-being during the preceding seven days. Survey participants (n = 19,806) were selected and weighted to be representative of the general population from the Monitor of Engagement with the Natural Environment Survey (2014/15–2015/16) Weekly engagement was divided into 60-minute chunks for the purposes of classification. The researchers took into account the amount of green space in the homes as well as other neighborhood and individual variables while conducting their research. Over the course of one week, those who had contact with nature for fewer than 120 minutes had an enhanced likelihood of reporting outstanding health or high well-being (either Health = 1.59 [1.31–1.92] or Well-being = 1.23) compared to those who had no contact with nature at all. After a high of 200–300 minutes per week, there was no additional increase in positive associations. People of all ages, including the elderly and those with chronic health conditions, have been caught up in the trend. How the 120 weekly minutes of engagement were achieved didn't matter (for example, one lengthy visit vs. multiple shorter visits per week). The next step in establishing weekly nature exposure standards comparable to those for physical activity is an essential oneexercise is to conduct prospective longitudinal and intervention research. LEKSHMI R NAIR ET.AL (2018) Kerala was the first Indian state to establish tourism as a separate business. According to national and state government tourism policy papers, Kerala's tourist the private percent of the state's overall revenue. employment. The fact is that there is no credible picture of Kerala's economic impact from tourism. Miss. Mehreen Khan (2018) We argue in this research that locations and properties must evolve in order to improve their competitiveness and performance. The study explores the relationship between tourism and the environment, looking at how the two are intertwined. The term "tourism" has been coinedas a process of leisure, summer activity to spend vacations, do something like a sport activity, health, and study for more than 24 hours to remain in a location. Tourism, according to some, is a sector of human activity. However, the name "tourism" is not new. It has to deal with domestic visitors from both the United States and outside. Tourism is a term used to describe a transient migration of people away from their usual abode. The economics of the location where tourists travel for a visit is central to all tourism activities. All of this commercial activity arose from a tourist's necessity. Tourism, we may say, is a growth engine in many economies throughout the globe, generating money, wealth, and employment while also assisting in the long-term development of rural places. Tourism is fast becoming a global leader, with some even claiming it to be the most important business on the planet. Direct and indirect employment from tourism contributes to the well-being of tens of millions of Americans. In addition, it contributes between 2.4% and 2.5% of the country's GDP. Both well-known and less-known places are available in India for tourists. The purpose of this study is to discover more about the development of tourism in the state of Michigan. Corporation Ltd. and to look for new sites and strategies to help our state promote tourism. Human nature dictates that a person cannot remain in the same area for an extended period of time. He must go from one location to another for a variety of reasons, including religious, social, and official obligations. A range of lovely sites may be found in an unlimited variety. Kerala, Goa, Tamil Nadu, Rajasthan, Maharashtra, Jammu & Kashmir, Uttar Pradesh, Madhya Pradesh, Bihar, and Jharkhand are tourist destinations in India and internationally. The migration of people from one location to another is known as tourism. The future of Indian tourism depends on the state of the environment. The foundation upon which national tourism has been constructed is our gorgeous landscapes, coastline, rivers and lakes, and cultural heritage. Only by maintaining the quality of these resources can the national tourist sector preserve its economic viability and competitiveness. The Indian tourist sector depends on strong and suitable environmental regulations now more than ever.

ABOUT KTR

Kanha Tiger Reserve, also known as Kanha National Park, is situated in Madhya Pradesh's Mandla

buffer area of 1,067 km2. KTR is linked to other tiger reserves by corridors, including Pench and Nagzira. The park is famous for being the only place in the world where Swamp Deer may be found, and for rescuing them from extinction. They have since been effectively relocated to various locations, such as Van Vihar Bhopal. With around 300 bird species and 950 flower species, KTR is rich in flora and wildlife. Tigers, Leopards, Sloth Bears, and Swamp Deer are the most popular creatures among travelers. KTR is surrounded by 150 communities, each having a population of 98,489 people. The population is mostly made up of tribal tribes, such as the Baiga and Gond, who have lived in the Park for millennia. In 1968, they began a translocation effort outside of the main region with the goal of tiger conservation. They are now able to support themselves via direct or indirect engagement in the Tiger Reserve.

Wildlife tourism in KTR

One of the most important components in a Tiger Reserve's success is local community participation. Only 20% of the core area is exposed to tourists in tiger reserves, which are home to a diverse range of animals, birds, and plants. In the tourist year 2017-18, KTR received 1,98,047 visitors, or 0.2 million. The core tourist area is separated into four zones (Table 1), each having a car restriction.

Research Design

The study uses a deductive technique to evaluate the outcomes in monetary terms, and it is confirmatory research. It's a hybrid study that combines descriptive and causal research; the research design must be strict not just to avoid biases but also to ensure that conclusions are accurate. The value of Kanha wildlife tourism to the local tourist economy validates the cause-and-effect link, with wildlife tourism giving economic chances to local populations. However, owing to several limits, the randomization principle was not observed. For data triangulation, a mixture of open-ended and closed-ended questions were utilized, keeping in mind the essential idea of mixed methods research.

TOURISM AND ECONOMIC GROWTH

Until recently, tourism was seen as a wasteful businesscontributed only a little amount of money to the economies of destinations. While this may be the case for governments, practitioners and academics, it is less so for the general publicpotential of tourism, scholarly arguments on the link between tourism and economic development have sprung up. The TLGH, as originally conceived, offers the required theoretical framework for understanding how tourism contributes to destination economic development. According to the TLGH, tourism leads to economic development in a generating the necessary financial resources. Tourism growth supports other sectors such as agriculture, transportation, food, and lodging via the multiplier effect, resulting in increased output, consumption, income, and tax revenues, all of which benefit the economics of the area It is also considered that an economic downturn might have a detrimental influence on tourism growth, according to the TLGH. In the literature, the TLGH has gotten mixed reviews. According to some research, tourism and economic growth are linked positively, whereas others have discovered a negative association. A strong economy leads to more tourists, not the other way around, says the TLGH. Tourists and the economy go hand in hand, according to another research.

ECONOMIC BENEFITS AND IMPACT OF TOURISM

Economic advantages the majority of often recognized and investigated, and are given in two ways: as a worldwide phenomenon or as a specific case study or micro level with any unique or special reference to any particular location. Tourism's influence may be seen on two levels: national and local. At the national level, tourism adds to foreign currency profits and the balance of payments, while at the local level, tourism improves local lifestyles by providing jobs. It contributes to the enhancement of living standards and infrastructure. In this chapter, we'll look at how tourism affects Mandla's economy as well as the people who live there. In this chapter, we'll look at tourism's expansion, as well as its effect on local businessmen's lifestyles and growth in auxiliary industries like hotels and travel agencies, as well as their impact on local inhabitants' lifestyles.

ANALYSIS OF SOCIO-ECONOMIC PROFILE AND IMPACT OF TOURISM ON THEIR LIFESTYLE

In this chapter, we examine the respondents' socioeconomic profiles research of the impact of tourism on Mandla city citizens. It will assist us in determining the Travel and tourism have an influence on a city's overall quality of life. In central India, for example, Mandla is a renowned tourist destinationa popular tourist destination for international visitors. The examination to determine the good and bad features of Mandla as an international tourism destination based on comments from local inhabitantstheir influence on Mandla locals. In this chapter, we will look at the city's citizens' lifestyles, as well as their reliance on and impact from tourism.

Table 1: Age classification of local residents

1 0-20 12 6.86 2 20-40 58 33.14 3 40-60 68 38.86

4 60 and above 37 21.14 Total 175 100.00

Table 1 shows how respondents are categorized based on their age. According to the statistics, the majority of the respondents (33 percent and 38 percent, respectively) are in the age groups of 20 to 40 and 40-60. Only 6.8% of those who answered were under the age of 20. Around 21% of those who responded were under the age of 60.

Chart 1: Age classification of respondents

CONCLUSION

In the end, this is a tremendous boost to the economy. It's a great way for people to spend their money and for municipalities to attract newcomers to their communities. Cities in M.P. are bringing in millions of dollars to provide opportunities for foreignersto experience life in a new area in MADHYA PRADESH. People should In M.P. or Bhopal, you may really experience life to the fullest by travelling widely. Traveling to new places and immersing yourself in their culture, religion, food, sports, and other forms of entertainment is one of the best ways to get the most out of life.

REFERENCE

1. Valensi CorbinianKyara et.al ―Tourism expansion and economic growth in Tanzania: A causality analysis‖ https://doi.org/10.1016/j.heliyon.2021.e06966 2. Tayebeh Farahani et.al ―A Comparative Study on the Role of Tourism Industry on Iran and Malaysia Economic Growth‖ © 2020 Birla 3. Lekshmi R Nair et.al ―Kerala Tourism - The Role of the Government and Economic Impacts‖ Kerala Tourism — The Role of the Government and Economic Impacts 2018 4. Mathew P. White et.al ―Spending at least 120 minutes a week in nature is associated with good health and wellbeing‖ https://doi.org/10.1038/s41598-019-44097-3 5. Miss. Mehreen Khan “The Opportunity of Tourism in Madhya Pradesh to develop the good Environment for Tourists'(Special Reference to Bhopal) ―Volume 04, No. 04, Apr 2018 6. Sana Naseem ―The Role of Tourism in Economic Growth: Empirical Evidence from Saudi Arabia‖ https://doi.org/10.3390/economies9030117 7. Akinboade, Oludele A., and Lydia A. Braimoh. 2010. International tourism and economic development in South Africa: A Granger causality test. International Journal of Tourism Research 12: 149–63. 8. Alhowaish, Abdulkarim K. 2016. Is Tourism Development a Sustainable Economic Growth Strategy in the Long Run? Evidence from GCC Countries. Sustainability 8: 605. 9. Belloumi, Mounir. 2010. The relationship between tourism receipts, real effective exchange rate and economic growth in Tunisia. International Journal of Tourism Research 12: 550–60. 10. Dritsakis, Nikolaos. 2004. Tourism as a long-run economic growth factor: An empirical investigation for Greece using causality analysis. Tourism Economics 10: 305–16. 11. Durbarry, Ramesh. 2004. Tourism and Economic Growth: The Case of Mauritius. Tourism Economics 10: 389–401. 12. FaladeObalade, Timothy A., and Suchi Dubey. 2014. Managing Tourism as a source of Revenue and Foreign direct investment inflow in a developing Country: The Jordanian Experience. International Journal of Academic Research in Economics and Management Sciences 3: 16–42. 13. Lee, Jung Wan, and Ahmad Mujafar Syah. 2018. Economic and Environmental Impacts of Mass Tourism on Regional Tourism Destinations in Indonesia. Journal of Asian Finance, Economics and Business 5: 31–41

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Corresponding Author Ritu Tomar*

Research Scholar, Sri Krishna University