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The resulting foreign exchange earnings were as high as 12% of an amount of $1,780Mn.
Boom time !
According to global hotel and hospitality consulting firm, HVS International, the strong performance in tourist arrivals in 2005 can be attributed to a strong sense of business and investment confidence in India inspired by:
? India's strong GDP performance
? Strengthening of ties with the developed world, and
? Opening of sectors of the economy to private sector/ foreign investment...
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The Readers Travel Awards 2006, conducted by Conde Nast Traveller has recently placed India at number four among the world's must-see countries, up from number nine in 2003. The Incredible India campaign has also been a huge success.
An economic growth engine
As an engine for economic growth, the tourism and hospitality sector cuts across the rural-urban divide, and bridges economic boundaries...
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General points of the essay
Inflow Of Funds Through Foreign Direct Investment In India- Analysis
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