‘Indian hotel industry on path of revival’


Growth in the economy has a direct bearing on the performance of the hospitality industry. Domestic market sentiment has improved since the Narendra Modi-led NDA government came to power with a clear mandate.

The country witnessed huge fund inflows of both foreign institutional investment (FII) and foreign direct investment ( FDI). Macro data for the quarter ended June 2014 is also pointing towards a gradual pickup in the economic activities.

Inflation, which is acting as a road block for the RBI, is also expected to calm down going forward on the back of a decline in crude oil prices on the international front and a revival of monsoon back home.

Read more at Economic Times


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