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India
India is emerging as an important source market for New Zealand with visitor arrivals growing strongly over the past three years. India’s outbound tourist traffic is expected to reach 16.2 million by 2011.
OutlookThe impact of the global financial crisis has been felt in India, with the stock exchange plunging to an eighteen-month low in October. The downturn in the stock exchange, the low Rupee and high inflation are all impacting outbound travel, with agents reporting a decline in enquiries and bookings for long-haul holidays.Despite these conditions, India’s economy is still expected to grow by more than 7 per cent in the year to March 2009 and the Indian appetite for travel continues to grow. The industry expects the number of Indians travelling internationally to reach 12 million by the end of 2008, around 2 million higher than last year. Fast Facts:
This information was last updated on 1 November 2008. Visit our sources for further information.
Sources: www.tourismresearch.govt.nz Ministry of Tourism, www.economist.com India Country Briefing, www.reuters.com Exchange Rates, www.cia.gov World Factbook, www.tourismresearch.govt.nz/Data--Analysis/International-tourism/ IVA and IVS, www.tourismresearch.govt.nz/Data--Analysis/Forecasts/2008---2014-Forecasts-National/ Forecasts 2008-2014 |
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