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Day: June 19, 2016

What Do Tourists Spend Their Money For?

The chase for live emotions and impressions is the main item of expenditure for travelers. This is proved by the results of a research of a tourist auditory, during which 5 916 people have answered the question: “On what do you mainly spend your money during the trip?”

36{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the respondents have answered that the significant part of the finances assigned for the period of traveling is spent for paying for excursions and other cognitive events. Tourists are ready to spend actively their savings abroad, if only there are lively unforgettable recollections left in their memory.

The second in the list of popular expenses is entertainment. 27{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of tourists prefer spending their money on the places of entertainment and bright night-life.

24.9{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the holiday-makers set apart the major part of their monetary means for shopping and purchasing of souvenirs. Women have chosen this variant 3.6 times more often than men. As is well known, the representatives of the weaker sex are not only subjected to the shopping mania, but also, as a rule, namely they have to keep in their heads the long list of all the relatives and friends, to whom they should bring some souvenirs from the “beyond the sea” countries.

For some people a trip to a foreign country is a possibility to get acquainted with the unknown culture, one of the brightest traits of which is national cuisine. 9.4{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of the respondents were turned out to be gourmands, because the major part of their money during a trip they spend on the food. Despite this, during the visits to Turkey or Egypt, the most attractive for tourists still remains the All Inclusive system, which allows them to forget about the existence of money, at least, at the territory of the hotel.

Instead of the common excursions many enthusiasts prefer to rent a car or to buy tickets for moving across the country and to explore the local sights by themselves. 2.8{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of tourists, mainly the young people, who are 20-25 years old, have answered that the major part of their financial means during the trip is spent for the transport.

With the recent dollar value decrease there are even lists of locations where a dollar-owner could spend a vacation These locations are also interesting, because they are quite parallel in quality with well-known locations, but are less popular and much more cheap.

Whatever are the expenses you are planning during your next holiday, will it be an interesting excursion, a trip on a rented car, or grand delicacies, there is only one advice: do not deny yourself the deserved pleasure. Money exists for spending, and during a trip we enjoy spending it more than ever.…

Why Mumbai Became the "Financial Capital" of Contemporary India

‘The Land of Seven Islands’, Bombay aka Mumbai grew as a prime commerce center in the mid-seventeenth century. Under British Raj in India, it developed as a major western port establishment, especially in the latter half of the nineteenth century. Replacing Surat, soon it became an important administrative and industrial center of the state. Maratha’s hub Bombay grew as the leading commercial center of India under British rule, because of its dominance in the textile and overseas trade.

Post-independence, Bombay became one of the earliest cities in India to be industrialized. It also emerged as a center of a well-organized labor movement in the country.

Legacy of Bombay

Under British East India Company, Bombay emerged as a center of large scale civil engineering projects and a major commercial port. Extensive Arabian trade earned massive wealth for the Parsis, Gujarati Hindus, and Muslims communities in the city of Bombay. Trade and commerce provided Bombay an all-round growth and hence, it continued its progression as an attractive destination for business and employment in the country.

It was under the British rule when Bombay developed as a leading entertainment hub of India. ‘Raja Harishchandra’, a popular silent movie and the very first of India was made in 1913. Later in 1987, the film industry has India its major economic boom by employing over 520,000 people in the showbiz business.

Economic Importance of Contemporary Mumbai

Today, Mumbai is the ‘wealthiest city’ of India and highest GDP contributor of entire South, West and Central Asian cities. This cosmopolitan capital of Maharashtra is also country’s fourth most populous city with about 20.5 Million metropolitan residents. It is the leading commercial and industrial hub of modern India and accounts for over 25{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} industrial output, 5{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of Indian GDP growth and over 70{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of financial transaction in the current Indian economy.

The presence of major financial institutions such as the Reserve Bank of India, the National Stock Exchange of India, Bombay Stock Exchange, etc. has made it the commercial center of our nation. Mumbai has the largest bandwidth of international plus domestic businesses and accounts for maximum SMEs plus unorganized service sector in the country.

The increasing business opportunity and heavy financial flow have also contributed to the job growth in Mumbai, both for fresher and experienced professionals. Lately, Mumbai also emerged as the leading ‘Startup Hub’ of India. Entertainment industry of Mumbai is the biggest taxpayer in the state. The city of Mumbai is a prominent homeland of country’s maximum Billionaires and Millionaires.

Highlights

  1. Country’s top 10 commerce center.
  2. Approximately 5{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} GDP production.
  3. Approximately 20{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} industrial production.
  4. Approximately 70{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} maritime trade (comprising both, Mumbai Port Trust & JNPT).
  5. Approximately 70{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} financial transactions.