Monday, 4 March 2013

Growth Rate of Tourism Sector

The Working Group on Tourism for 12th Five Year Plan, set up by the Planning Commission, has recommended a target growth in domestic tourism of about 12% per annum during the 12th Five Year Plan period. The Working Group has also recommended to increase India’s share of International Tourist arrivals to at least 1% by end of 12th Plan – requiring an annual growth of about 12%. 

The Foreign Tourist Arrivals (FTAs) in India grew from 5.17 million in 2007–08 to 6.50 million (provisional) in 2011–12 at a Compound Annual Growth Rate (CAGR) of 5.88%, during the 11th Five Year Plan. 

The Foreign Exchange Earnings (FEEs) from tourism in India grew from ₹45,524 crore in 2007-08 to ₹83,607 crore (provisional) in 2011–12 at a CAGR of 16.41%, during the 11th Five Year Plan. 

This information was given by the Union Minister for Tourism Shri K.Chiranjeevi in a written reply in Lok sabha on march 4, 2013. 

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