Vellore Institute of Technology (VIT) is a private university located in&nbsp;Tamil Nadu, India. Founded in 1984, as Vellore Engineering College, the institution offers 20 undergraduate, 34 postgraduate, four integrated and four research programs. It has campuses in Vellore, Amravati, Bhopal and Chennai.

VIT is one of the top ranked private universities in India according to NIRF, THE and QS Rankings.&nbsp;Govt. of India has recognized&nbsp;VIT, Vellore as an&nbsp;Institution of Eminence. This has allowed VIT to take independent quality initiatives and move up in world ranking.

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VIT University

The changing dynamics in the retail scenario with the online retailers considering options to encounter the market with more physical stores in major cities i.e., online-to-offline (o2o) has become the tactical strategy which is predicted to attract more customers. On the other hand, the changing lifestyle pattern of the customers has made the customers look beyond the traditional retail stores towards the modern retail format stores which has better lighting, air conditioning, store layout, aisle placement etc., for their purchase. This study discusses the dynamics of lifestyle parameters of activities, interests and expectations of the people in influencing their purchase intentions by drafting a questionnaire to collect the relevant data to give the outcome. The activities and interests of the customers with their expectations towards the store attributes found to influence the purchase decisions of the customers. The structural equation model (SEM) results show about 76.6% of the change in the customer's willingness to buy from retail outlet to be influenced by store image and about 72% of variations in the satisfaction of the customers are found to be explained by the lifestyle parameters of activities, interests and the expectations of the customers from the store.

Management

VIT Business School

Chennai Campus

International Journal of Business Excellence

Dynamics of lifestyle psycho-demographic parameters in food and grocery retail outlets

Tourism has been recognized as a delight for attraction, accommodation, culture, recreation, and more. The tourism industry has become a major source of revenue for many businesses and for nations as a whole as part of the service sector. The unusual outbreak of the COVID-19 pandemic is the sole disruptive circumstance for the last several months. Due to the unprecedented situation, there is a chance for new travel trends to emerge in the nation. This chapter describes the emerging new normal tourism and travel trends like a staycation, wellness and spa tourism, virtual tourism, sustainable travel, eco-tourism, vaccine tourism, and also aims at finding tourist preferences of destinations from the new travel trends post pandemic. Travellers today would like to visit destinations consisting of nature protected regions, which are termed sustainable travel, to satisfy their ecotravel, money value, private space, social distance, security, accessibility, and cleanliness needs.

World University root node

Handbook of Research on Changing Dynamics in Responsible and Sustainable Business in the Post-COVID-19 Era

<a href="https://www.igi-global.com/chapter/paradigm-change-in-tourist-preferences-towards-evolving-new-normal-tourism-and-travel-trends/294429">Paradigm Change in Tourist Preferences Towards Evolving New Normal Tourism and Travel Tren</a>ds

Sustainable consumption practices help to reduce environmental impacts and fosters responsible consumers. Researchers have explored the positive drivers and negative barriers of fashion-conscious consumer (FCC) purchasing intention on fashion clothing. The study also examined the motives and outcomes of the phenomenon, such as rental landscape and frugality. Using the qualitative phenomenological method, researchers conducted 21 in-depth semi-structured interviews in India to tap into FCC's buying intention and experience. From the results of qualitative analysis, researchers identified “emotion” as a new parameter reflecting consumer passion and interpersonal relationships. Different themes emerged, such as selection of the style, attention-seeking, status value, cost factor (uncontrollable), and psychological value, which are the commonly identified motivators. Conceptual framework is developed to understand the perception towards green environment and sustainability. The implications are to improve the sustainable practices in the fashion sector through rental options and frugality.

<a href="https://www.igi-global.com/chapter/raising-awareness-of-responsible-consumption-through-fashion-rentals-and-frugal-intentions/294425">Raising Awareness of Responsible Consumption Through Fashion Rentals and Frugal intentions</a>

Intensity to capital accumulation, size of the market and scale of the production generally serve as the key determinants of FDI in any country. It is also discovered that the imported capital goods and intermediate products work as catalysts to augment the production in the manufacturing industries. This study aims to find out the relation between Foreign Direct Investment (FDI) and manufacturing sector in India. It analyses data from 1996 to 2020. It extracts a long run cointegration between the two variables. Analysing the short run scenario, the article considers error correction model to define the short run shocks and its effectiveness on these variables. There exist thirty seven percent chances to move from short run disequilibrium to long run stable equilibrium. Also, the error correction term proves long run causality from FDI to manufacturing sector. The cumulative sum and cumulative sum square test prove the economic model to be stable. Finally, the study suggests the Indian policymakers to relax FDI inflows norms and enable an automatic route up to 74% towards all the manufacturing sectors, as done for defence manufacturing in order to augment the overall development of Indian economy. © 2021. All Rights Reserved.

Academy of Accounting and Financial Studies Journal

will inward Foreign Direct Investment Through Automatic Route in Manufacturing Sector Bring An Instrumental Change In India's Growth?

Coronavirus is spreading quickly through countries and several countries have locked the infection chain through this new disease. The first objective of the article is to identify the consequences of this pandemic in terms of economic, environmental, social and cultural factors on the tourism industry in India. The focus of this study is to suggest tourism developmental practices to implement and overcome the pandemic situation in India. The primary data is collected through an online survey and secondary data was collected from various government published sources and ongoing literature reviews. This study discusses both positive and negative impacts and further helps the government to take precautions and best policy decisions to be applied in the future. The paper provides an open analysis of some of the essential steps between tourism growth and economic recovery in order to resolve India’s current economic crisis. © 2021

Journal of Management Information and Decision Sciences

Socioeconomic, cultural and environmental impact of covid-19 on tourism in India

Economic growth is very crucial for developing economies due to their challenges in the process of development. Many less developed economies face this adversity while focusing on the strategies to promote economic growth. In this respect, the current study explores few probable factors which lead to explain the economic scenario in India. The study analyses influence of foreign exchange earnings from inbound tourism (EAR), foreign direct investment (FDI) and manufacturing sector value added output (MANU) on per capita economic growth (PCG) for a period of 1996-2018. Among all the variables taken for the study, findings of the study reveals value added output from the manufacturing sector to be a most influential factor to promote per capital economic growth. Surprisingly, the analysis explores FDI to be significantly negative impact oriented towards encouraging economic growth. © 2021. All Rights Reserved.

Major Determinants 0f Per Capita Growth Rate of India- Fdi, Inbound Tourism and Manufacturing Sector

The study aims to analyze the importance of economic growth that has more relevance than Foreign Direct Investment (FDI) inflow for a stable development in India. The article takes the period of 1978 to 2019 to analyze the same. It applies Auto Regressive Distributed Lag Modelling Approach to find out the impact of economic growth. It is proved that there is a cointegration between FDI and economic growth in long run. In short run, both economic growth and FDI granger cause each other. Also, there exists a negative effect of FDI on economic growth in short run. Hence, the study recommends a threefold development process in India. The policy makers are suggested aligning the economic policies in a way to focus at the first stage only on economic growth which will bring FDI in India. At the second stage, they need to find relevant macroeconomic variables that will be positively influenced by FDI so that, at the third stage, these variables will ultimately contribute to growth of Indian economy

http://www.iaeme.com/IJM/index.asp903editor@iaeme.comInternational Journal of Managemen

<a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3711330">Foreign Direct Investment and Economic Growth: Two Equally Desirable Dilemmas of Policy Makers in India</a>

The article analyses impact of Foreign Direct Investment (FDI) on two macroeconomic variables, namely, Economic Growth (EG) and Government expenses on Infrastructure (GI) in India. The study is analyzed distinctively for two different variables for a period from 1975 to 2017 by applying Auto Regressive Distributed Lag (ARDL) Modelling and Granger Causality approach. The result shows that there is significant impact of FDI on Government expenses on Infrastructure (GI) for both short and long run. In short run, gradual increment of FDI generates more expenditure on Infrastructure from Government. But, in long run, expenditure on Infrastructure is reduced as FDI rises. This result confirms the absolute necessity of the basic growth of infrastructure in any economy at the first level of its development that can be subsequently reduced further in long run. On the other hand, it is surprising to find no significant impact of FDI on Economic Growth in India for both short and long run. The analysis also specifies that in short run FDI granger causes GI and EG, while EG again granger causes FDI. Therefore, it can be proposed if there happens to be further relaxation of FDI policies rather than keeping restrictions on some of crucial sectors like power and defense, it will enhance Government Infrastructure and Economic growth more in short run. As a result of bidirectional causality, Economic growth, in return, will attract more FDI for the benefit of Indian economic development. Instead of giving priorities to other variables, this study concentrates on specifying two major macroeconomic variables which can be utilized as the ultimate measures of development for a transition economy like India.

International Journal of Recent Technology and Engineering (IJRTE)

The Association between Foreign Direct Investment (FDI), Economic Growth (EG) and Government Expenses on Infrastructure (GI) in India

The impact analysis of macroeconomic variables on stock market is a focus for economists since 19th century. Macroeconomic fundamentals and stock market volatility do play an important role in determining and forecasting the future position of an economy as a whole. In this study, one of the macroeconomic variables, exchange rate, is studied along with Indian Stock Market (BSE Index). The linkage between exchange rate and stock market index is considered as one of the important contributors to predict the growth/ business cycle of any economy. This dynamic linkage between exchange rate and stock market has been analyzed considering 15 years of data (from 2010 to 2016) on exchange rate and stock market index related to Indian Economy. A stock index or stock market index is a measurement of the value of a section of the stock market. It is computed from the prices of selected stocks (typically a weighted average). It is a tool used by investors and financial managers to describe the market, and to compare the return on specific investments. The main focus of the researchers is to find out the impact of exchange rate fluctuation on stock market volatility to predict the economic scenario in India.

International Journal of Pure and Applied Mathematics

Impact of exchange rate fluctuation on stock market volatility - a study to predict the economic scenario in India

With the increasing level of awareness and the changing lifestyle pattern, the customer prefers to purchase from a place where his/her concurrence and preferences are more valued. The physical environments of retail stores and the attributes of the stores (lighting, air-conditioning, washrooms, store layout, aisle placement, etc.) create a tangible representation of the image of the store to meet the expectations of more sophisticated and demanding customers. The present study mainly focuses on the way in which the lifestyle psycho-graphic parameters of activities and interests of the customers influence their level of expectation and satisfaction towards the store attributes and their shopping experiences in the major organised food and grocery retail outlets in Coimbatore city and ultimately on how it influences the store loyalty status of these customers. A unique model was proposed and a questionnaire was constructed. The collected data was analysed using the ANOVA and the structural equation model (SEM). The results of the SEM reveal that the lifestyle psycho-graphic parameters of activities and the interests of the customers are the major determinants of the expectation and satisfaction of these customers towards their retail stores.

International Journal of Business Innovation and Research

<a href="http://www.inderscience.com/info/inarticle.php?artid=87842">Influence of psycho-demographic variables of customers on their expectations and satisfaction towards retail store image attributes</a>

Organised food and grocery retail consumers in India in the recent days are more vocal on the quality of the products/services they buy from the market. For them, the physical environments of retail stores such as lighting, air-conditioning, store layout, parking facility, shelf display, aisle placement etc., contributes more towards the store's personality or image. The current study focuses on the consumer preference of store image attributes in organised food and grocery super markets in Coimbatore, a tier-II city in Tamil Nadu, India. The study aims to measure the existing gap between the expectation of customers and the perception of the retailers towards the retail store attributes in Coimbatore city, using 'independent samples t' test. The findings of the analysis sends sound signals from the customers to the organised food and grocery retailers, about the major store image attributes on which they have to concentrate to attract more customers to their organised food and grocery store. © 2016 Inderscience Enterprises Ltd.