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Tourism and Hospitality Among Top Sectors in India to Attract FDI

Published: 07th December 2015 03:46 AM  |   Last Updated: 07th December 2015 08:02 AM   |  A+A-

Figure

The tourism and hospitality sector is among the top 15 sectors in the country to attract the highest Foreign direct investment of around $8.1 billion During the April 2000 to May 2015 period

Incredible India, Ahoy 

Fi.JPGThe Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. The sector contributed nearly $ 187.9 billion or 12.5% to the GDP in 2014-15, while growing the fastest at 11.7% Compound Annual Growth Rate (CAGR) over the period 2011-12 to 2014-15. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country.

figu.JPGThe Indian government has realised the country’s potential in the tourism industry and has taken several steps to make India a global tourism hub.

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