With the sun shining bright, it’s carnival time ahead for the Indian hospitality sector…
Gone are the days when the sound of for
eign footsteps sent shivers down the spine of local inhabitants. In the present times, the more the foreign footfalls, the more advanced & economically progressive any economy is considered – in short, globally integrated! And with a staggering 4.5 million & plus foreign tourists in India during 2006 by the Ministry of Tourism, India seems no less a hospitable nation! Yes, driven by the booming Indian economy and soaring business interests, the influx of foreign tourists in India leaped ahead by a blazing 15% over the previous year thus leading to exorbitant earnings of $5.93 billion for 2005-06. So behind the rush and the gush of inflowing foreign dollars, there comes the real question – who’s the real
beneficiary of this boom?
For Complete IIPM Article, Click on IIPM Article
Gone are the days when the sound of for
eign footsteps sent shivers down the spine of local inhabitants. In the present times, the more the foreign footfalls, the more advanced & economically progressive any economy is considered – in short, globally integrated! And with a staggering 4.5 million & plus foreign tourists in India during 2006 by the Ministry of Tourism, India seems no less a hospitable nation! Yes, driven by the booming Indian economy and soaring business interests, the influx of foreign tourists in India leaped ahead by a blazing 15% over the previous year thus leading to exorbitant earnings of $5.93 billion for 2005-06. So behind the rush and the gush of inflowing foreign dollars, there comes the real question – who’s the realbeneficiary of this boom?
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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