Foreign Tourist Arrivals In India (IIPM Publication)

The world is indeed feeling good about visiting India, as numbers indicate. In­dia, as a tourist destination, had started to ‘shine’ in 2003-04, as the number of foreign tourist arrivals rose from 2.38 million in 2002 to about 3.40 million in 2004. Quite a feat this, considering that it was the first time that foreign tourist arrivals in India had crossed the 3 million mark. The number of foreign visitors in August this year was at 281,670, surpass­ing last year’s figures of 263,511 for the same month, last year. For­eign exchange earnings from tourism show that the opti­mism is not ill-placed. India earned $3 billion as foreign exchange from tourism in 2001, which jumped to more than $4.3 billion in 2004. Definitely there is no scope for complacency though. Ac­cording to the World Trade Organisation figures, India’s share of inbound tourist arrivals in Asia Pacific region, in 2003, was a miniscule 2.3%. Compare that just to regions like Thailand (8.5%), Singa­pore (4.8%) and Hong Kong (13%), and we get the idea. There is hardly any merit for comparisons with China (27.6%) at this stage in time!......

Source :- IIPM Editorial

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