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Thu 23rd of November 2017

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WEF's global travel & tourism ranking

India has jumped 12 places to 40th rank globally in travel and tourism competitiveness list by World Economic Forum. India is one of the countries that improved the most as it gained 12 places in Asia, but lagged behind its other Asian peers like Japan and China which were ranked way ahead at 4th and 13th place, respectively. Spain is ranked at the top in the list. 

  • India continues to enrich its cultural resources, protecting more cultural sites and intangible expressions through UNESCO World Heritage lists, and via a greater digital presence," WEF said in its Global Travel and Tourism Competitiveness Report 2017. 
  • Some of the factors that helped India climb up the ladder include international openness through strong policies such as implementing visa on arrival and e-visas, and improvements in the country's ground transport infrastructure which benefited the travel and tourism sector in the country. 
  • India has seen continued growth in international arrivals over the past 15 years, reaching the 8 million mark in 2015, adding the country's vast cultural and natural resources, and its price competitiveness advantage also attracted international tourists. 
  • The report, however, noted that though health conditions are improving, they remain "inadequate". Similarly, ICT readiness, security concerns and human resources are improving, but remain "weak". 
  • In the global ranking Spain, France and Germany were ranked at the top three positions, making them the most tourism friendly economies. 
  • The rise of Asia's giants shows that the Asian Tourism Century is becoming a reality. To reach their potential, the majority of countries still have more to do, from enhancing security, promoting their cultural heritage, building their infrastructure and creating stronger visa policies. 
  • These results are of significant importance as tourism helps economic growth and job creation - up to 1/10th of global GDP and jobs are tourism-related. 
  • The report ranks 136 countries across 14 dimensions, revealing how well countries could deliver sustainable economic and societal benefits through their travel and tourism sector.
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Prelims Question of the Day

With reference to 'Natural Rate of Unemployment', consider the following statements.

1. It is the level of unemployment in an economy that is just consistent with a stable rate of Inflation.

2. It is the unemployment that prevails when all markets in the economy are in equilibrium.

 

(a)1 and 2

(b)2 only

(c)1 only

(d)None of the above

Mains Question of the Day

1.GS-No party in power can afford to ignore Directive Principles of State Policy. Comment.(200 Words)

2.Political Science - Explain the role of non state actors, like IMF, World Bank, European Union and MNCs, in modulating and transforming the broad dynamics of international relations. (250 Words).

3.SOCIOLOGY - What is the impact of Globalization on the structure and mobilization of the working class in India? (250 Words).

Sociology - Thinkers