India's GDP grew by 5.3% in the fourth quarter of fiscal year 2012: its worst performance in the last nine years. This slowdown was primarily a result of high inflation, high interest rates and policy paralysis. However, Indian tourism had a good year and registered growth, both in numbers of foreign tourist arrivals and foreign exchange earnings, registering an estimated INR 1,690 billion at the end of calendar year 2011. The industry plays an important role in the development of the country's...
Keep on reading: Indian tourism industry witnessed an all-round growth
Keep on reading: Indian tourism industry witnessed an all-round growth
