Monday, October 14, 2013

Published 2:14 AM by Anonymous with 0 comment

Growing percentage of overseas arrivals


As per the research of the Associated Chambers of Commerce and Industry of India the tourism sector of India in terms of earning foreign exchange is likely to reach up to $26 billion in 2015 as compared to current $ 20 billion mark.

As per the current records of 7 million tourist arrivals it is hoped that the number would increase to 8 million by the end of 2015 as per the analysis graphed in advance of the world tourism day celebration.

The top five destinations that attract the tourist and contribute in foreign investment which is up to 70% are Maharashtra, Tamil Nadu, Delhi, Uttar Pradesh (UP) and Rajasthan.

After West Bengal and Bihar the state of Kerala comes in eight and contributes about 4 % of foreign investment and it is very significant to notice the growth of foreign arrivals in a lively state of Kerala from just over 420000 in 2008 to around 800000 in 2012.

With a noteworthy growth in sector of tourism nation has shown a major improvement in terms of its share with a international tourism which in turn has turn has resulted in growth of receipts which was 0.64% in 2002 now it is 1.65% in 2012 and India has also moved up in terms of ranking and has moved to 12th position which was 37th till 2002 said my DS Rawat, secretary general of Assocham.

The union should take more initiative in growing tourism as its contribution to GDP is about6.6% and the workforce is around 7.7% which accounts more than 6% of total investments and at the same to tackle with current account deficit tourism is a major weapon he added.

As the tourist arrivals in India as higher as compared to world across and it is continuing to grow at the rate of 7% higher than the rate of tourist venture over the world and which is simultaneously growing at the percentage of 3.8 and overseas at Asia pacific at the growing percentage of 6.6.

But even after such approach a growth rate is growing marginally from 0.34% to round about 0.64% in 2012 and this has led to the improvement in ranking which was 54th and with regards its 41st.

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