India’s forex earnings from tourism may touch $26 bn by 2015: Assocham


DELHI
The country’s foreign exchange earnings from the tourism sector are likely to grow at 13% per annum and touch $26 billion by 2015 from the current level of $20 billion annually, industry body Assocham today said.

“Growing at a compounded annual growth rate (CAGR) of 13%, India’s foreign exchange earnings from the tourism sector are likely to reach $26 billion by 2015 from the current level of $20 billion,” the chamber said in a statement.

Besides, the arrival of foreign tourists in India is likely to cross 80 lakh mark by 2015 from 70 lakh at present, with a CAGR of 7%, according to an analysis conducted by Assocham, ahead of the World Tourism Day tomorrow.

Full report here Business Standard 

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