THE GREAT INDIAN ANGLE

THE GREAT INDIAN ANGLEIndia is one of the fastest-growing travel and tourism markets in the world. The demand for travel and tourism is expected to reach U. S. $ 431.7 billion (INR 24,252.4 billion) by 2020. According to an industry intelligence report, India’s share in the global medical tourism industry will reach around three percent by the end of 2013. The December 2010 report — titled “Booming Medical Tourism in India” – says that the industry should generate revenues of around U. S. $3 billion by 2013. The industry can be considered of being in its growth stage and is expected to grow 30 % annually till 2015. It is expected that CAGR (compound annual growth rates) in revenue in 2011-13 will be 26%. In terms of medical tourists, the number can reach approximately 1.3 million by 2013 at a CAGR of 19%. India is preparing for this expected growth and thus trying not to encounter in future any supply-side constraints.

Around 80% of foreign tourist arrivals in India are from the neighboring countries and from Iraq, Afghanistan, the former Soviet Union, etc and now increasingly from Africa.

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