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India is expected to see an influx of 8 million international tourists by 2012, up from just 5.78 million in 2010. |
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The growth rate in the number of international tourist arrivals to the country of 8.9% in 2011 is far better than UNWTO's projected growth rate of 4% to 5% for the world in 2011. |
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Personal disposable income during 2008-20012 grew at a CAGR of 36.5%, thereby driving domestic as well as outbound tourism. |
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According to the Pacific Asia Travel Association (PATA), India is one of the fastest growing countries for outbound travel in the world and is expected to increase at a CAGR of 12% over the five-year period spanning from 2010 to 2015. |
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India's share in the global tourism is expected to reach 1.5% by this year. |
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The growth in India's tourism market is expected to serve a boon, driving the growth of several associated industries, including the hotel industry, medical tourism industry and aviation industry. |
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Source: Indian Tourism Industry Analysis Report. |
