Tourism is the largest service industry in India, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. India witnesses more than 5 million annual foreign tourist arrivals and 527 million domestic tourism visits The tourism industry in India generated about US$100 billion in 2008 and that is expected to increase to US$275.5 billion by 2018 at a 9.4% annual growth rate. The Ministry of Tourism is the nodal agency for the development and promotion of Tourism in India. It maintains the Incredible India campaign.According to World Travel and Tourism Council, India will be the world's leading tourism hotspot, having the highest 10-year growth potential. The Travel & Tourism Competitiveness Report 2007 ranked tourism in India 6th in terms of price competitiveness and 39th in terms of safety and security.
However, India's tourism sector currently lags behind less endowed countries and faces serious challenges including shortage of hotel rooms. In 2007, there were only 25,000 tourist-class hotel rooms in the whole of India.. Among other factors hindering the growth of the tourism industry in India are stringent visa requirements and congested airport Despite short- and medium-term setbacks, tourism revenues are expected to surge by 42% from 2007 to 2017
In the times of recession, it is incredible to see the double growth in India tourism. India offers diversity in religions, cultures & phenomenal monuments, which attracts the tourists to India’s essence. That’s the impact created by “Incredible India campaign”. To find out more, refer: http://www.travelfront.com/incredible-india-new-ventures-to-success/
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