Travel and tourism is a big industry in India & is experiencing a thriving growth. India’s tourism industry is one of the profitable sectors, bringing substantial amount of foreign exchange. Indian travel & tourism industry experiences an estimated increase of 21% tourist arrival every year and this has helped other sectors of Indian economy to grow. Indian has become a hotspot of travel & tourism industry due to increased trend of medical tourism. Upcoming commonwealth games in 2010 are also going to boost up scenario of travel and tourism in India.
Thursday, July 9, 2009
Travel and Tourism in India
Travel and tourism is a big industry in India & is experiencing a thriving growth. India’s tourism industry is one of the profitable sectors, bringing substantial amount of foreign exchange. Indian travel & tourism industry experiences an estimated increase of 21% tourist arrival every year and this has helped other sectors of Indian economy to grow. Indian has become a hotspot of travel & tourism industry due to increased trend of medical tourism. Upcoming commonwealth games in 2010 are also going to boost up scenario of travel and tourism in India.
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India is ranked 1st with regard to tourism fair attendance. Also, according to the International Congress and Convention Association, India is rated 33rd in terms of number of international fairs and exhibitions held in the country annually (average for 2006-07
The World Travel and Tourism Report for 2009 for 180 countries worldwide also ranks the Indian Travel and Tourism economy 14th in absolute size worldwide, 144th in relative contribution to national economies and 5th in long-term (10-year) growth. The contribution of travel and tourism to gross domestic product (GDP) is expected to be at 6.0 per cent (US$ 67.3 billion) in 2009 rising to US$ 187.3 billion by 2019.
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