Govt focus may turn tour & travel stocks into wealth creators

The Indian tourism industry has grown exponentially in recent years, witnessing a growth rate of 10.7 per cent year-on-year in 2016. As many as 88.9 lakh foreign tourists arrived in India, compared with 80.27 lakh in 2015. If data is to be believed, India expects 18 per cent growth in foreign tourist arrivals (FTAs) in 2017 buoyed by conducive environment for foreign visitors in the country and other favourable government initiatives.
Besides foreigners’ foot fall, the domestic tourism sector is growing on rising middle class and increasing disposable income. The number of foreign visitors has significantly gone up 32 per cent and revenues touched $2.278 billion in April, 2017.

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