India is expected to see an influx of 8 million international tourists by 2012, up from just 5.78 million in 2010.
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.
Personal disposable income during 2008-20012 grew at a CAGR of 36.5%, thereby driving domestic as well as outbound tourism.
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.
India's share in the global tourism is expected to reach 1.5% by this year.
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.
Source: Indian Tourism Industry Analysis Report.
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