RIM HYDERABAD

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TOURISM IN INDIA SHOWING SIGNS OF EARLY RECOVERY FROM THE IMPACT OF GLOBAL ECONOMIC MELTDOWN January 22, 2010

Filed under: General — rimhyd @ 12:13 pm

Tourism in India has already started showing signs of early recovery from the impact of global economic meltdown and in December 2009 tourist arrivals grew substantially by 21 % registering a growth of over 8% over the arrivals in December 2007 which was a year of high growth.

One of the reasons for the tourism sector in India not being impacted as much as rest of the world was the good performance of the Indian economy. Inspite of the global economic recession in 2008 and 2009, Indian economy has continued has continued to have good growth. India’s GDP in 2008-09 grew by 6.7%. During April-September, 2009 India’s GDP has seen a growth of 7%, whereas the global economy is estimated to have a negative growth in 2009.

The quantum jump in Foreign Direct Investment (FDI) in the Hotel & Tourism sector in the years 2008 and 2009 is also indicative of the positive scenario. Most of the major international hotel chains including Starwood, Hilton, Carlson, etc. have either already come to India or are in the process of doing so. These factors, coupled with the performance of in-bound tourism in India the last few months, are very encouraging for tourism in India. With the global economy too showing signs of recovery, the international tourism can be expected to revive worldwide.

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One Response to “TOURISM IN INDIA SHOWING SIGNS OF EARLY RECOVERY FROM THE IMPACT OF GLOBAL ECONOMIC MELTDOWN”

  1. vasan Says:

    yes it is right


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