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Monday
February 13,  2006

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  Tourism Sector Grows Impressively

 

The Indian tourism sector growing at an impressive rate and now makes up 5.83% of the revenue. According to National Council of Applied Economic Research (NCAER), the India economy is now at USD 14 billion employing 8.27% of the workforce or 38.6 million people. With these numbers, India ranks 8th in the world in terms of earnings and 3rd in terms of employment. In 2005, 4 million people traveled to India and 2006 is expected to see 5 million and 6.2 million Indians traveled out of India. By 2010, the number of tourists leaving the country is expected to cross 15 million making India second only to China. Domestic tourism also grew from 309 million in 2003 to 368 million in 2004. Over half a billion Indians are expected to travel within India. More than half of those Indians are expected to be from rural areas demonstrating that increasing disposable income is being generated in rural India.

 

 

 

 

 

 

 

 

 



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