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Indian Tourism Industry & Medical Treatments
Indian tourism industry is experiencing a strong growth, driven by the flourishing middle class, growth in high spending foreign tourists,and coordinated government campaigns to promote "Incredible India".
Several reasons are cited for the growth and prosperity of India’s travel and tourism industry. Economic growth,IT boom has added millions annually to the ranks of India’s middle class, a group that is driving domestic tourism growth. Disposable income in India has grown by 10.11% annually from 2001-2006, and much of that is being spent on travel.
Travel & tourism industry's contribution to Indian industry is immense. Tourism is one of the main foreign exchange earners and contributes to the economy indirectly through its linkages with other sectors like horticulture,poultry, handicrafts and construction. Tourism industry also provides employment to millions of people in India both directly and indirectly through its linkage with other sectors of the economy. According to an estimate total direct employment in the tourism sector is around 20 million.
Travel & tourism industry in India is marked by considerable government presence. Each state has a tourism corporation, which runs a chain of hotels/ rest houses and operates package tours, while the central government runs the India Tourism Development Corporation.
The outlook for travel industry in India looks extremely bright. India as a tourism destination is the toast of the world at the moment. Conde Nast ranked India amongst the top 10 tourist destinations. JBIC ranked her as the fifth most attractive investment destination. Besides, India is probably the only country that offers various categories of tourism. These include history tourism, adventure tourism, eco tourism, cultural tourism, rural tourism, religious/pilgrimage tourism, spiritual tourism, wildlife , marinelife and beach tourism etc.
A new growth sector is medical tourism. It is currently growing at around 30% per annum. Medical tourist arrivals are expected to reach one million soon.Medical tourism in Asia, plastic surgery in particular, has grown rapidly. Medical tourism is increasing rapidly at the tune of $4 Billion US, fueled largely by the cosmetic surgery market.
Page Updated Last on: Jul 31, 2011