~tM':I.iall1ia5 great: poten[ia~ fOIF the tlralvel alr1a~oulrism ~illch..l:stry.I.~ bas be,en dlFiv,liTlg the l!

ia~iIOifl'£ econom Y' Ii IfI lreCe nit tim es a ifId Its d ilred cOlflttli butior! to the G IDP is 2,.3% alnd is Ilikely tOI move ILIP t!o 6, 1% In tim,es:tocom,e. iBesides for each reomadded,4H'l j,obs 9,et <cn~<ilted dlrelGtly,md Ind~re,[:tlly. So the sUPP~}! ph:"Hlltled fOIF n,ex.~ five, years carl generate IUp to:3 m~I,I~on,~obs,

~owevelr attJra,M:i1Il'e, tllrnle sectO:r fa.ces, .(lemailnchallllen.ge.s :

11, Cum ben. OIlTl e I~,[:eln s~ tllgl Appn:wa Ii process T [Nbsi ng Ie w~ rud oW c I ea rant,!::.

2., Laifld Ccst-Tourfsm beiii"llg part olf the Infras~rructure, lalfld ShOlJilld bemalde alva ~I,able at s u!bs~d~5ed pinices 50 as~o IITJ a ketlh e' project viable,

3. Flaltioln a liisa~f a iTl 01 Taxes.across tl'le Iii atllolfl ,

4. ColfI:n e,cUvity ~ COrillflectiv Itl' is ClUrt'e I'Itllya tTli81jor ~m p,e d~ me:tlt es peeially for the growth of eco,ma ,adve n:tm'f;i: '~[)'U riIStTli .. line' Gentr<lll a nd the :Sta'te Govem ments l!iavle ta ken certa,ilt'i Inlti<lJtllv!::,s, buta hmle bou nla ex.ec UltJI on w~ III benefit tl1e lndu stir}!.

5. F~sca II He ilJef~~s • 'G Ov'e'rlfllmerlf~ Iilas ,ex[endedfiscail D,e nlefij'~s to pus Iil tnle hOltel1 supp I y ~In U\jlalt~oln a Ii C.apital iR.egilonahlea,d olf CommonlweaUIil Game's lin 2m (J alnd fo:r earllielF concluded .Asian Games . .A proa,cthie a pproacliJ by g overlflm e,n~ on thi s~ro'nt we !J~d Iilel p the 9 irOW1:h ot' t\n ei.nduMry. G ove rln ro,e iflltsh au Id aliso extellJd such benefuts in tnle tegioinlsr whie:h has demamij.slipplly I mb81l<1ln.ce,.

5. Skiililed 1M a ifIpower " There' ~s scan:~ty of s killleCi marnpower for thii:S~lIidu strv, The Ce"l~ral Govem ment has alre.ady tak!enl ilnlltliaUves to eru:::oulrage I'lfMJre Hospitallity Schoo:ls and Mentor 'InstitLl,tes to Tralllfltl1ie llr8iilne,rs. The govern ment racom mendati 0 nls Iii"we Oillire<lla y be€lt'i I mpl,e melilted from the cu H,e iflt ,acadlem ~c. yealF, To ,[:rea'te fUltllHe managers, superviscrs, Post Graduate prlQgrams 11111 Hosp~tClllty have aliso been ~nlit:iatea wlli lc 11 wi III In e'lp Move rcoffie the she rtagle o'fsk;1 Illed rna tlipower 11111 tlli:sa rena,

~ fee'l Hle:re lisa tr:ememjolLis liIeec and s,cope fmlndlJistwy 8i Academllc interfal~e., ~Itl fact some of '~Iile Hotel Gmups 'In the courmy :havetalkelt'i ilrllitiative,s to set-up t:heilF OWr:I Iirallflilng nl11 Mit Ijjte:s. line, ~liIdListry has to partner a ilia so PIPOd m<lJI1Y mo,re,suoln ~rnsWute:s~o r its. b ettenril,elflt ClliJd growth by c rleahl'llglthe rig hit w,Qrkf'Orce.

Govern ment ha sa I ~owed 1 OO~,i:'~ FDII i nl h~)5pit:allitys,ector and as s Ulcrl the pr~valteeq ulity a,l1Id r€,a I estate fUll'! cis Iilalve i'I rnajorrnle to pllayllfl thle gwwthande)(.p"mr:l~on oBhf;i: lrIo,spitalliity ~tlJdus:try ~1Ii times to come, This wcu.J!:d c.reatea w~t1·w~1IJ sltuatlcn Vor Hotel ope'r,atloIFS W~1JO [miiflgthe maifl<lJgemenlte}(~pertiseanld tlnefillfl<llrlitial illil'!;,e:s;tor who has capita!1 neqlLi ilreCi fo r expa ns~on,

~ fl nd this report quite ellOlho rate ,a nld it coven, a I ~ the as peers of toulr~:smgu:wlitih i i1 the cOIJ..elntry. Ilto·ff;e rsth e r'!::ladelr a:1'II11 Iil·deptlh, yet an ov,ervl e!w i n to 1,r;f\ ... ,eM~ i'l19 1,llIto this seeto r ,

ROlljllv GUljra~

GOO 11 S enl or Vi,[:e Pires lid en~

Me rg erst A"cqul S~t~O'IliS & D<evelloip me.n't The India i:lJ Hots lis Com paliiy li:mited

'nH~' I,rTIdia f'1I etc! nOfnlf rf s todiillV 'paSt51um 9 tllirr1(llul{]lh ,il vel')' vol.altile iphil<S~" !lll!d~a·~ '91 ral!l6 rate '~if O'lt';er i:i!.~,% ils pr1ojeoetecllig Ire9is~er al \mJ,ode'r,iiI~i!il' 5.~ - I~,% ifllhi€' c,omin~fiscal. Jillii.l 911,obOiII econo!1l11i€: '~rii5,ii!> and ~he Y!lh:~rtlln<!l~a ter'fol'ist IUUlck5 in MlllmbOili halle. dtented~he5hol'Me Un DIFOSlpet~:!!i of the hgspirt:!l~]ly se!l:to~.

The' h03piitalitY5ec~or if! .:;'UiliC.eIPllible to the en¥'iirrlcmm~:mlt<inljl previiI]lling 'Ifle9I81ti~e sentiment, Thus it Ihas been adv!Il:'rsely iMpHclledl Vo!1ilLh <:1. 'r,!l111 ill 'kl,reig n reurlst .BIfiI'i¥!iII's dil!! ri !'!!'.ll tirll!:!' Ilast ~h rl!i.l 't1,Ulrt~fs. HO'Wi.lV!iH',. U'V:!I IIlIlUlfltiO!!lfof '8 r\Q'!WUiil ~n thtil Indui!!!i1J h1Qis,pita'!ity sJeCllor rerni'liiI1ili5: ftlirly' s,oulilld. wi~h <l11.indk o~ q !.!Milh,ty 5pece olo!;,e Fv,ed <lO[g,SS most. cities. iIIhie ~n1e IPotei!1ltnal1 off doOm es!:i'e 'tourism al£o nl,m!!li'lITi;s Ulilltap~ ed. PIf\o·a,~tiv8' me!lS,1Ll ~ess!!l,u:hl3s 'r~tii@!'!@~is!.!lliiO!l Ol~ lictilnsin'9 'Pel I i,c;iijt!>. ~ ril~h!nm 't!l); !>tN.:!CWf'~:~ ~nd o1!i ~YI'I"hlron iG@d~PJ!lI~i~!i!e h '~O dlil'i~!1i lop, 'tot.) ~~li !;ml '~,~Id p rc!vid'e' the fie oe515ary i mpliltl!.i~, t!O, p~!Opedl gfO'Wiiliilllifll '~Eil,US, ~leC::~Of.

N'~tw!ith~till'mJing '~hte ~hOillle,mlge5;, li1M,e ifr.ti\flell and TO!IJ~iis:lliliil (1 :& III delilriHilIllld i!>,e?lpecl1ed to '9mw' tilt <li pheno:mlena,~ !!l.~% in real ~erms bel1l!l!8,elil 2!l'I09 and 2"111R F::II:'I: tha:t~he Wmld T~8\i'el 31'101 j'oOmiS<l1ni CmJIJnld~1 IWTIC], h~!! "~~k~clll!~dl!li'.!'IS th~f.l!s~~!>t '~fOwi,~g T.& T d~l!;~iim~~icm, P~~~'H"'tS!! plictUl!,\i!! olf '~1in9 ItKlt~~tua!1 of~hlt 'SJeo!:l/~Qf.

This rep 0r1 P'FOlI;I'ioes. a eo rn:pr1elhensive, :lJi Ilili:lers,tandi I'l ill olf ~he' IIld'iifilWl hQ/5i,pitilllilV :<;el1l:tgr. afild~h e' impi3i()~ oft~e 'li:um:ln~. glob8l~' d Oiwnllrend, thi!lMllpr,mllu[lilngl an ~nls:i!JlilIt into, ~h;e po'ilEllll~iall 'fact'IJllJ:!!.thllri: lhi.'3l\ile hellped the 1IIII'IldustlFV '91r~,w i~, I fldilil. TIIM'~ r~tP~rl !Ill11!!>" hig n ~iOlh!t:~ thf:! 'i!>~imyIO!l'~or\5 <lind ~ml~Hgi ~'9 '~~~nds" IiInd priO pOSf!$ a p,r.lt05crUptiolil' '['Or glrcwthto d~iy(l'~O n'l~ilrd Uii~ 'glre.£iUnld~afil hC$:p~till!i~y 5"t~rv"

I.ooti:in'!;l [o:Fwi!lrd to your .... a'iua blefeedbtu:k.

Wewi:;h our rreadeiJ5 a IhalPIPlV rea:dlilfiiiQ' •• "

R,ahIUI~ IMili!IIi~t(

MI~lilI,iil9i ilI15ll DI:re~to'rll n d 'CEO

ICI.CIIIHo m e IFil'i<linCe COIiflP,<lfI¥ Ii liIfi'ii~~ ritlhiuLmalllk: k@i eidhf!t~co firI

t7

[t../NlJIA.NECONOMY .. AN [DVERVI'E'W

• The. Imlialil eC·Ollilomv. which hlad been .groWillilg ,a'i o"",el" 1:1,.5% dlJiningi the Ilast three yerus. is to day b ea Fli Iilglhe Ibrun.t o.f the ClHltelfi't Ii I 0'1)13[1 e conom IC c.r~ sis ..

~ i'!I ig h i nrn<it~ Cili'l a FY pressures, '[lUi Ct.UIi3 tllii 9 ctudle 0 ul ,e mi CO!l'liIlil'l odu·t'l"· prle €l'S g[Ol.'em,ed (lile' early ph01 se of ,2!}Q!gV1Q.9. A do Ulble·diglit inti 1,i·tio iii I'evel lied 'to 'l'he I}ClVelmmEmt tigMenilr'ig pOllicies t'D clheck: the ri!8ulfIginfll.ation by cuningl [of import duties [(edibl[e oil) and banning the HlIport ,of commodities:such as non bas.rnati rice ..

.. The: ~.esel"ve 903 nk of Ilm:li a ste pped i IT! to, stern in~'labon IbV ~ighterling ma:i1e:~alry' measures ~ n~ Idi'll 9 the CRll'! .a IfId Rev!:! rse Flepo f.a·~e·~J' at. '~ne cost o'! eC'OII1 0 mie gf·OINth.Th is lied to In ig h mortg,Eige IraltE~s o~ ~ 11.5 ~ 12'%, '~'Iltnrc:h prov,ed 'til be ,a ilIal'l'lpel1elF ill the [glro\'Jth o'f the housing 5,ectOit.

• 201UIJI:I9 also witnes.sed [Ihe weakening! of ' I. he 11m eli ai'll riUlpee ag<iin[sUhe US [)ollla~.

., The thl rd q uarter ,of 2:008/09 rulll:nes,s;ea a ,com plleteJ n'!vew~al olf ~)re,j""ld 5; witlh eas i:n9 ,of iifilfl~l'~u(imary levels ami a dra:st.!"c .slump ~n crude oi I pric es ·to 6i i1 ,all II rime 100w. The RB'I ag,a i 11 :stepped ilfl 't,o ilii'h.ls·e ilqlJlidity into' 'Ihe :system by redliJlcfng'theGRI'I arrd reverse repo rates,

.. The g[DVernmen't hals already anncuneed t .. V'D stii'1iliuh..l~ pacl!:al9,es and earm.nkedi m·Ofie'yfof 110 iilg term infrEi.s,tn..lcttlr[e pro je'ct-s: to [e ifIS'jj!re that the gllo b,al een ITlOnI 1 C u15i:s, do,es nO~ i mp'a,~t

krdla in 031 serious manner. A tlhird stimulus package· i:s a[h~,o being cCl!i]sid[ered.

., Sinlc,e' O,ctli,tHltr .200S:, II'!BI h.as,a[lr,eady infuse,d arollmd INR :3.2,OO,[lm] rnn to ease liqUlidity iln 'the D,aln ki ifil9 system. Mea:!lUlre's to iowe rr i filterest 'fUirtlh e'f .a[re <I[b,'D UJ iFIder way.

., Des.pUe sllowdoWlf'I in tlhe' gllooal.,ecofilolmy, li!idiia is expec'te'd t'D ree,elve, FIJII (),f lJIS$ 31] llriilll'ion as a·glCllin st a ta r'f~let of US$ Js, tili 1IIIi·M.

• The' Ve,ar mal'lk.etli the 'Wall o'f ui1v,estmElillt balrllks lilk·e· Lehman I:!ro'l:herrs <llllde!e,ars Steams il9[he Urr-uit,ed SI:a1!es. l1he·llhdia Ba irlJking t>ystl8 infi i ... ltiiJIwever fa utly ii n s u let ed 'flr,(j many d i r',e ct. ii mpac;Hyf U:i e' su ItI prim e cr~si,s.

• The mscro-ecenemic fUlildameiirtal!s Girr 'the I'iEiLtii Din l1e mali~ 'f.al rliy srrc iFIg a Ilda re ex pected to dri v elnvester cClilfidem::e in ~Ihe' medilldm ami 1CU19 term .. Th'e ye<llr .21)(19111 (I lis: e'x.p e eted Ul; mark a :s,IGiw bilJts'l:f!,ady recovery ClHne economy ..

• hil a pros ctliv e, step, lihle Q,cwelrfi men t has re'ITIlovedi the c e,Uli iil9 on ii ndirect F 0 re~gfll I~ I ire ct il['jI.H3,stJl'ifl€l,nl: tFDI~ via do,me:$tic: fi m"l 5:.. N[oW' eq uli'~'1"" in,",·e·s~[1'1 e,"'I::>, IFoub'!d 'lnnJ ugh corn p,tllr~ ies in 'i.l\;lhich nUI~,o!Fi'ty Owne rs Ili.p .Ei ii"](!i cO ifItnJ Irs rn '(h,e ni'ilnds 'of IliUlliafliS 'would be treated as fhlly domestic eqlJii[ty. The. Inew Inorms WQILild allow increa.sed FIJI 'i ncO mp a lilies. th rou glhdlilrect an d lndirect rOl!Jlte .. S[ec~ors Ilike' iriSlHBJI1Ce. tel·e·com aii'ld rlel:ailVilolild see more FOn':ligll1 Dire'U 111'1 ,",'estm ent til" Ii] 11][ i iiifIQ[w.

A,'ilrliElIJl1JWre fj Alliem S,ElMca~

Manul\3ctu rin[l

5.9% RO%

3.s% 4.1"l'l'o 2.16%
11.60/. :8.10/. .U%
11.0% 10.8% 9 .. 6%
9.S'%. 'd.Oo:. 1.,% &ElM~S 1l.1l% G'Di' IJrffi'lilh <II: FBi1:tm Ib~ •. '~.4~'.

'!l f;[}:JS'C-ast

'Sj)U1!::~: C!2'n~IB~ S;tirti~~~"",1 O;rgiil'lisiiOO:n (eS!O)

IPo~ul!a.ti(ln ,estimatl!':!l. nil, mil~ionl in .0007

G~P'

INQmimoa.1 'GOP il!l ~iDDi' On billion IJIS :~~

GOlf' in 21J1U~

IE:opacle>!li 'GDP' gfaMh I nS{l(t6, 'vearB) TowJ1~;m

Ciootriil>ulion ro IG D,P'

189.:3

142.~ 1.321 1.HO .. ~!

131 ~_~ 12ag,S a;2W;2 . .o 1.146_9

5..~,%, .8_1 %1 UI~ 11.0');0

7.2% 100/.

hpou nd Tourist ,!i,rriv,!tI~

in 2.00? [In million] 5.25

TfllVel 1:1 Touri~m Re~eip't'!l

Hn billion lJIS$l In zeus 00.3

Trac~BI, 1:1 IT"ouri~m RS"l:aipt'!l

[in billion LJS$,lin an s,· 131.6

:P!itr~en.t 6~O'o'l!th 55.!!"I.

~oa;.6 2~Og,,, U L5, '9a.2~ JIU.3~1, 133.%

IEm~O"\i'menl . .genar,Btion

lin 200.8, !i.,5, rnn 4.1 mn ,5 mn 3Q rnn

-s Mic!lcQW Ilnlclo<uml

S[HJr,c~8.: Gritic:;a I i:;;~u~s Falllin9 Indial!l HOi!l~it;ilI~ .. "'Vi> ho@pi~;a'lil¥

TO'URIISM!IIINIDUSIRV ,-AINI (f\/ERVIEW

Illidlia's llr,<I\.i'e~1ind Tourism llfiI~hJs,tqt has '~Hnepg.e£ll <is em is! ·of '~:he k'~ry ~H~,c~,olrs Q riivi [:119 tlflle ii'l.iltio ni's ,e,COnHJIi1r'i,Y in ~eCe.nl~ til mes,.

~ A,cc(wj~ rlgi ,to the Wmlld Trave,l, ,1:l ii1Id T'outus m GOY if1lc,il ~WfT1Cl. I i'lIQ i.a:'s 'travel din d t,[I!i,Jds m iiflll[jlU sur¥, Ii s tH!lpe~ted ~IO 9 El,ne ~,lI1te re eeilp:ls wo rI,1i'I IUS$ ., ~:.161 b !lllUo n ~ n .20018, rrsi !i19' t.o< a n ,e'sWlflal~ed lJIS$1' 1 A5 biillliorJll::ry.20UL

I'nd~airl Murlsrn delmll:1ll1d i:s, Ie5UmBitedto g,FO,W .s,t tlnl ~lIer <19 e' olf 3,8 % b Ellw,e en .20[14·2(1113, rn<likil "'91 Ind ~a, '11l,e w,olrld'£.~lI1ii ~'d fa'~~le'~~ 9 r,o~~ ling '110 ~rist market,

i,

i, nu~ lIF,lI""e,1 ,t! TO~IFI:;lml ~nIiT~ indlLl~I1V ~~ ,e.x.pe G'~,e EiW, direc~11 y (:,0 Iiltlnl oWlte 2:.3:0,;:'~ to '~.hle Gross II) om es U c IflI'Flod oct ,( G IDIP) i if1I 2009 ~ IIJSi$: 2'8. ~ bill I iOI1i). TIfI,e l[8'""e,1 an d T'OILJ ris rlfl Ie corm my wO u'l d GO illtwiOule 16:.1 'I!(~ Q'f ~l1leGII)P "U: U S$ 7~ fbi lilian.

~ Tou r~$ml m<l~,e 5 .a :s,~g tli~ic,a til CQ iIItrrii D.ultll onl to In{]i ua,'s 'ro tlf: i 9 if1I exdh a rig eo ealnil~rlI9Is , withEm esUrnll'~ed russ '111 .. 96IbiHfi,(;i:n i~20[l'i.

~ ~In df!!!i has b Eiefil !i"tl.illk~ d ,<ls,Q Iile M!he most ~GIU9Ih;t. ,an.E:'r fore~'gllrn des'tilfi!1ltions lnterms off b D~lillBtlS ilfl e5_S and L,ei.s ulre t~av,e II. How€iv,er., HiI,e true p otenti'a I lof the Inld~all1i T Oi:Jlris m !sechJ'r l1em,~'i rlS U i''!Jti1lippe d .Prese !iJtlly' I n.a il~1 13 ecou irIt~for a ii'I~y 0.6 % o~ It.li'le ! nt'J:: rr i'ilahon@~ Touris't Anliv811~.

~ ~lf:! dT~, ii 5 Iilopiin 9 tOI t~'P ;a ~!a'rg e. ,s:ha'F'e G'r 1,lile 9 I 0 o!BJil M I:C E ~ Me e'ti'n,~!s, IIIilCE'lI1l'tives" GOlnferer~ ees <lIn d E,x.Ih~ 0 litioWilS]1 '~io'lil ris m... I Jricl!ia':scLilfrel'll'E slnea rle is e'sUm,a~e'(] at 81 m ere' U ~:$ 4 .. 8 Ib~ lilian, leM t.n.m 2'% IO~ the wOldd nU:lrr~e't.

~ nlie 11'Blvela JFlCI To ulri $rn (TEll) t;,Collio:m,y's ~on'~ributi(m '(0' tJH;: naHOII1l\'l1 el[;CInIOIr:rl.Y U$ C!dlrfern~v iirlS[gilir~caiflt: ainU iha,s ,1llrellative World R:~11I k:i nlg of 1146 (out D~ 11-N3, cIJUntwi!8,S)'8 sg i vefl! by ~II:! e: Wo rid n,<lve I, Bin d To ulris m Cellmci~ (WlfC~.

~ TI:'M'~ f!!lT clem 6i nd is lho'.i'!,t08V,e ~ e;., pected tD 9 r,ElW at9..!I%, in rle6i11 terms, belweeln 2Wlfl Brild20'U!I. I n:a ~!'II is ra if1Ike.ci 11 ~nut (lif 176 'cou irIt,rue5~ ili1!~errm$ orf&T demand Giver a1 () yealr pe [Ii 0 (1, byth,e V!'i'lfC.

TOiP' 110 Soll~,~e' IMI~fk.et:$· in 20017',·, 'By G;~o'9f'a:pl'lic Oiil.gil:l

.LlK .Lr.S:A e2l~il ftrlll'l!!:e; .~...,y

.SrJ blink n .J.F"I'

c~r"'lio IMol.~ ... .B.ngt..l .. h D1htlr:l1

S%

SOUU:!II': :I!luf~u ar. Imi:l'iif¥.2ILmr:t, G.ov~ Dr IndiiJ.. ICJC~ Irrllp~y ~r'ti.c~1 FttIS~i:lrch

'---,- '---,

~~ 2005 21ll11!3, ~a:r ,~WE'

'II'~ar

:S!Jurl:~': lMinis~rv d~ TD"lMjlllll,. ICICI Pr!J.p~rl)' S-~il:~1 R~i:lK,h • E'5<,jmi:l~B

~ I ifll ,20(18, '5,.3 m ~1'IU(]'n I !TltJEl r'nlaboln~ 11'~o Ulfis:(5 Welre

e:stlm atedtQ, nCive tiFClvelll:ed 'to, IlfII it! ta, !'II g f'Ciwth of 6.,4 % ovenlne'i8Isty,e"l~.,

I ff11~~al ~s eye! "'91 o\,[ew '] 0 !ITI~ IIII 0 fill nrue'rnatli 0 i'lall fo !JJlfist ,An~va Is by 20 ~ 0, t'nle yea Ii" Q:f tlfle

~aa

Q~I ~ __ ~~~~~~~~~~

~JJ05 ~!JQ!l 2Q07 ~a'

l_!Mlf

Sot.wc~~ Minis.'Iq' !J~ Tnuriern, IGI~I ~r1'f .s~r~~, Reseeeeh l·iE~s.'llJ!T1i:1"~

i, !lie ~s UJre til' a!ve~ accc !Jl1it~ kJoIF elo,se to '97 %. of t'he

I if]IU!JFlfI a'tiofij,a II tf6i\N':!'il,utllv<l:ls.

.'

~)o i!1!Ul~lic to urisrn 1'161 ~glro,wlnJ plh.etl! omler;J a IIIV ' Tne JIlU fi!fJlber off ,domeMil e '~r,';Ive I ~en:; hI II neli:;! I~Hl5 risen by '12. j' %W [)9{lA'l m illl'iofl! tr avell ~elf$ in 2lmg: ovelr 2cm7 .

No'iI"oiJriM~ ~ ~ii' MlilliiDii!'~

5.!:!lW!C~: 'WTI'G.. HV5r ICICII :Prl:!p.NoI'f ~rvK:!5 A.l!ls~rt:b

rravell& Tourism ,_ ECionomii,c 111m pact2!o(J8*

''IF!J~I:iH't;

s..:;LJI'lC~: VJ.''!Jrld Tr.t:l'itill' rI:Ind iFiJurism Cf!uACil

IINR '1194 Ibn.

(IEq UI ival,entw :2 .,3:% of Iota I GD pi)1

1~3;"U7

(Jobs. re pre sentii n 9 .2.8% of Ul,e' 1i!O!ta ~ ern p ~oYfiTlie WIt)

IINIR .28;6J0 lb n

(IE,q UI ivai ent to 6.1% of Lota I GD pi)1

30,,4.91

(J © bs repres,eflltli n 9 6:.4% of'~ ~l,e t~Oit~ II 'emp ~oYli!'lle!ill)

IINIR7118 bmll

(IEq u ival,entw 6 .7'% of th e~lot<li11 expo rt$.ll

IINIR 11,1.21' ron

(IEq u iv:allent to 6 .6% of th e~lgtdill i 111 veSU1!iIEi rntsll

IINIR i59 lb n

(IEquivalent W 11 % s.hawie'jl

'~El., ,tND,US1RY;' AN O,ull.,OOK.'

Tlh 'I~ml hllJl!l hol'!lll ~ ~lcr@,r. an i f'lttlgr,all and iml!) errant c,omU~tuelfii1: IJIf 'line Ilfiidi.mn '!;' e I ,If T Quris m irndu~'blry. r~mljlins Il!!Ipbe'a~ wiU"1 ~ Isur[lle o~' bo~~ tjl.!l,in'~5S '!;f!d 1:eI~Uf18' ~1i1i,'oI" Ihml 1,m Uii!j C,DYM~, Sus'l.Bilrteoltll 9 rO rNl:h 119 !iJlreS over the 1j:l3!iit: f,e.w ',(ea!I'S '_l1d s'lrOJ'l{J Ir~)f\!Nglii di~,"~ lnllstm!:ln~ ilmrlo~ ,[;Ir,e th lie 'r,ac'~or!l l!:Iri",in, ' Indiaifi tolJii'QSI1l. A 5trongl domestle market and ,yovernmen'l, mitialives to prolflot I!.!I ,U!'I: tr v-f Ihas 'fiIJrlher Iii!1Ilfn1'1, d 't(l'U ri s.m. The' ililad~ua/le tourism infTiI:5lruleture rUl!li'lall~~ , cllt_H!!iJ1l9_"

11.1 ulTVsel1ol'iCe'~at I;!ltrligl~ 1ll,n1c!')"tag.

R puU!dlllmld~af! Iplil'll,e~ im::ltnl, 11C. Im;!i In Ho'~ t!s, COHiripalnv rt,tlj 'Groli~'I. Eas:llrtldial Hote'ls IOliJell'Oil GrQ lJi,p), H(JIl!li'IIli:lI~l~ Vlillln'h.!,r,~ ~,nd I!lOt hOl!ll:s.

Feu igri pll" urs: inc'lud- ~, rri,o 'I. A8dii5~on. Shelf,lIt,on. HyaU, FDln Seasons, C:a.r1i50n G!lfOlllp. R!: . 1l1.,Jum-irUH!lI1Id . ~ml_lril1 OrLfI'Ulls.

Budget Ho,tels;i Th- filiI' -.Sl r .. Two-St r en I Oe·Sr~H dassi~V as 'the, bu.dg,el gmup of hotels,

,uy IlJlrim rill, ,l!1Iur 1.01 th I dern sue UoiJ'o!i'ull-,,_,

H-magll

I

H'cril:aDO ClilSlSic

I

'lhn'iiQ .. S,l-ar'

I

Fay ~-!St r II

IV_'SUi'

~

Five·Smr IDell!iii!l:ll

Til~ij< Illnd'iIH'i1 Hot~llrulu!l'IJI'V~. c' 'sified I'd-I' Ic'I,!ijd below: Hotels rn Ilnn:H!I re' ,eiiltetoFi:5~dII iiii'IJO ~wo m lin t'lPtrs: AllJU,o'!.lllld ami Iljl'llllpp:m"lf'l'ldi hlore'I~. nlle Mini!nmy at Teurisrn, 'G,overmnefU o'~ IlruJI,a, glr81'11[S flDiprO';,l,<l1 tn ho~elli ,EI~ 1.he pliO~~Gt Illalge and til en c 1!I!,~r'l !Ii ~lul:m !,!~Q Q!'I o'!' lihe st r 'Cl'!'~!l910"! 5. Jihll~ iipP:ifO'IioI'iiil stilt.ri.lS is vOlm'lItii~, hm',r,!'!ver Ill'll _pproved hO'['!!ib. !!;,an ,~.gj,l of \I~rioibls Ih:,el1s~_nd O'llill!if b-ne'li15Irrom UII, gOIl mme'filt.

St8ir H'o'te,15: The-v acCOul'll~ Or about 3'(I,~';oo 'tlhie indus'lli'Y sb:e:. Tho< hoLI_', '_ro r _~@d '.!O Rv -S'I~f D-lli-,e. Fil;le.S~.I!f., F;our·Sa r. -nf1ee,S'I-r, T"D·Slsr ,<lll'ld 0 ne- SUiI l1e:s.pec~j,'IIlely.

LUlUl1'\' Ii'IIQtlJl~: Th~ ho1, II rililll'd as IF,v~·Star' D'I'i'1ui'le, five·SUn andl FQur.S,~a r af,ij i Iliilii iIlIry ~'Dte'15. 'T1l1tev ,~U! IPI'l'ii "'iliIrily 1m:!lI'tedllll1ll ~ilm Ei' b I!.i iin@:!iilliilrel!s iin tier II ci~ie5 ,IIH.'! ~a,lef 1:0 fOlr 'igFn ~Cll.lflistSi. Iinl!5i~!l;5'5 tr,illve.ller,5 ,and tap 'goi\,l'ernmefll'l offici,ti~:s. c[feriUllQI

s- eking eenemte ci:offlmlod!ion. lillie!,!) hO[els are lfe.ii~iJl'li"Ibl'i prieerl, offer lil'l'Ut,:'d luxury !.Ind s n,DIII~1 dl~~oYf!'I!h

Thl!l ibr.lilfii!il GiliiilJii2r. owned bV U'ie F tIlll II]WliP' of Com palnie51. iiS! a majo ~·ID~a I pl,a ·Il r in IUI~~'IS ,SI:: ~men~ ..

Glob,_1 . ntr,iunl~ illl~h!ld~ 'Go~dtln Tulip Byd'l~t hQt-ls. UK's DaWil'ley III I,. Whitebfti'ad Pli'ii:mil~ml T BI .... 'ell lnn, ,5' iillI'lJIr,i-u., IlHollunel. Cou ~yaJl[{l BII ,~ lfir at ,<l1iI His"

I n ere sed - gme'ii1ic ~favel a Ild - ffolFdab i Ii~lf ha s fuelled" em~Ad 'li.IT !:lud9~t hotels,

IJJnclll,siJid tilil,t!lIll: TIIIiH~Y I cuml th , UDllor9 nil<ll·1 and SC'i:i'tllf!ued I:i!i~ g,r hOilets, ,spr'eiiitl a.croSS, the' eOl,llrn'liFy. 1'h~V ~c~@unJt for IjIbOu~, :2!O~'i. of 'lI~e' il1t1lunrvs,izl!, Low pr i cj~ III is their U Sf",

('lll'Ie~er ~oD the:, AIiJI'I~J!!iJ[le' 'r:Or Criteria or Ch'i:SiS~l'ici'l~liOnl o!HolelsJI

.•. AC~I/}lrdjllig re ~he IGo .. ,emmli:liTIll of Iindia as weill "NS Flll.IfIAIII,FeueratioJ1lJofli@t:elsand R'i:sMlmant5 A!!!~O (:i~tion Oir hH;Jia]1 ~Iline ~e ~rell pp:ll'o)l;i.1II1I ately 1120,000 rooms OI)lElfllfiA(} iln i nldi!a.

'. 'if"he5up plv ,of' Ina ITnl'ed Qr lJIiu!Ol,I!i~l!I' he'tell·s: ':iaaltildi5 ;3tabouHI432:" un1li~5.

'.' Ace@lrdill1l0 '10 ~lh.e Mlinlls:try 'rn<f T'Quri:sm"lb.v210,'10 lindh, 'li,Vt1II!~I!'!;I!ll 2,:9' m~!~~O!!'l1 InQ't~! lrooms. 6(1,1000 CiJ!l.Illllitv rC,oms .lure cun~nlVr IWI dlifhHe,'1I'I: i5MI!!1es o'f pllaln~ilng ,IITlId deitel,opilfli'!ili!1'[. ""-M'ilch shOlIldl be F~'lildy' by :20112,

'. irh~ QfcFwing dCHll!!liI~h:; diOllllll!!!nd Ilu!Ii! ~I!:d ~~ !iIL.uI~ C!r d'e""'e~opmeJli~ ifi! the Bli.id{l:e~ liintl Mid· lMal'l!:ce'~ rseg ment.

0' c$'Elvel'!l1 '9lob1lr !::halirn~: lil!.'~ ~il.iOfll, Accm, M~r~ll,on If!t~m~ti(uil'!!'I, EhHg~ln.l!fI'l'l Hetels <!!iltd ~IIlI,e II'nt~fleCl'itini!!ntal HC'lle'ls '[lfClllP <lin! lil'molll!Jst Qilhe'r-s: whllo [1m ave ,8inlflolJ'fI eel:! rnajo:r lin'l,i'esl:mefl~ pIa !'i,~ iflll'idiai.

C~t~gilil!'l('wl~' '[lI!:~~!'i~t!ijg.ii! ,~ S!,!ppl~r I[No" ,I)~ IRI)i};iiH~1

lfto- .. ~ .1 T_~I'" • g,.,..~LI' .1 ~

Ca~eIlOI}'·willli D:iiJUibutioll! ,~ SI.lPII!~iIt, IIB'i~·.d 'on BI!'IH~Uj:l All ... 11

I fRiI'~~EJ' • r ... fIbr

I no r .. ~Sw

.n.: .. ~ .T_~

• Dr:~ s..

• • ... I!I!II'I'

IMARKI!I'D!MlANID:

'. fhe key citie'~ ell Na1il:ll'lal :C1lI!l,~t!l1 A:egion tN'I::::n,l, Mumb,;:!ii llll'lli BHI!i1lg!'oni!1 h~i\ie [~o:ne,d a.ggresslve ij'flgwth UlteS 1111 UlifrnS 'gf [F!evenue [Pce,r .A.1l!'iillilalb!,El Room 1~ll'Iel;!P'AJiI} ,:!In ell m'l:Ii f11it!ll Iire,d ~H!~I~IIW C;U;Cl!.!pa:I1CY Irt!i'l\g~. ,ove~' 1~~' ~!I:!lt 'Ihro!'!~ Vi:iiI:if!l,

,i' [[;lema fi[1~, ~Oit [Ill iltel rOO m!S ac rn5stheTI ~~'llCuties we,J18 eXiCeeail1lg S'!lIPP'~V u[rIUI ~1IiI.18' ri~'~I~I'II~ (jJ Clwot!.l ",!'Ii iiI'! the !ilco,ft'I,@m~y. W~Il!He,i!l'l 'li'lli!' m:g'~ke~ wi1J<I(j5,sed OlICOrirecl,Tol1 ,~o the '~!!lI!'ne of Ui·.20% a C.f!]S~, m.a.ior' i5!eC~Qt5.

'i' AClI'Dr;:,S :s,e'!tt(ml:.:!!'IiIIlJlncatenl,[j d.elmand ,~o ~he ItIUU:U'l' (lif l5o0,{)O(l Iro@ms e~ iS~liI, IU~ol:'ls '~@ ef!C;OYl!lilri:1!il deve,!o,pmtent. ,of I'!Qit~I!~ by W<!'j( 'o~ to1x~hclidBip ifll ,~petifit di5~'fict5: declill'e:d <15 'Wmild Heliilagle S:i~s' ,Bl'ld ttluo'lJ!Iglki [he'IBed :iI'J'lld IB~c'~IcW~M' sc ~Hl fIIl!~' ..,r'!:lI~llng I1s~4I,bns h~d.

"'illt'! n~w SYI~ply, @'":!i1!1l)l!lllte-d li~ the In~lJril~1 O!.f~rr ~1i1 e l"I~')(l two ~iC! three' v,ears il'!c~1ii'es· Ii ,e [Baln[l<lilo re ~ndl PUii'le:, i!!i e:J>l!pecte-d ~o <cmi'€e~ A~e'rr'j;lge Room Rl!i~~~, ~RIRI @nd ·a[I~@ wi~r'!'e:~$ ,rJ Im,f!ll'IfJi~91 ra,!I! in CI ccu,pancv !eV!!15,

.' II'nd ill tI ~vul'OOpjFi g.a:9l ~ kill¥' destilrn,!ltiofl fo if !Meoical tQ!IJrism" 'willlr!lJel dem<llfltl ~·Gr Ihu)~el Irooms/ell',!:: lI1I,ded :s~..all( Ir.Elici li~iEls illl111ier' II dmi es,

~ The iitJ05Plt<!!'~ity seet~f'i~lilmOn{lS't the 'l'if!.ts to get ~ l'I'I,p:acM:di bV BlI1i ,lIdiv,flil's:e m atrker I::ol1i,iJli~i{)in. Tih I:l IP"9"IlW!I~ gllobD'1 ,cfisi~SI ~'ul '1:lI'Iie uildiom.l!U!ltf! te:fIFO. anile ~5 in M!J mb,i:lj h;ti~ O'ElIiI:t,illclthe sheettfl~I!'IIl 9 ~I[tI!Wlh.gs l'I~ct:!'! (l'~ !tlll,!!' hlo~p it1'![iIlV :!!~(;tQf,

• TJiii~ e<1fi~y Iphli!l:~ 'o~ 20l'l'8:·0111 's'!!i!Jm~d pro.m~!dng wi~h lI1i,ealt1rn, occuJ)<lI'ICI/ raltes poste,[J aerg'SiS 'segme~lti!!, ~Jo~'II'e'vE!'r the la$l 'lwDrir:ilil!:""I:~ IRI'itnessed' ,itt d'r1op ii ~ OC~I:I puc,;, lelv'i!,IS toUtle [lillie of ~ 5-20% due to' ~~,e econO l'IIllic do~n~u ~In.

~ 'TlheJi!3Iv'i!lW'l'Ig,fIjJl'C!iOlTI r~n.es ~rm "ie:main ~pw~rd. O,1!Jj ,iI! ye,IM"O!1'ye!lH Ib:a!l~!!I mOist m!!r~!;!u, in ~fldli ,!Ire witnessing p05ill~'iJie fB'venLJIe Ipe:r lli\l.tiJiiabte ril}~~,~IFI~'Ioi PAR} •

• TiIli~ hu:lusnrv 1~"I'!I!, Sile!'!1! 112·month OfCWil~~1 of '1 " .9 '% ,in I3Iver<llgl!! 'raifes iill1lJ 2007· 00. <IS op'po:sl'I:'ld t(l a glfQwth ot :3:0 % Ii !iii '1i1If!i PN1lV i(lIY:!l ve,!!!'.

• A l!i~1 !ol~n~' !~ il~ ,~~ ~~ ~Ymb ~~' c'~' ~c:reig 1'1 'tOY~!:!;'1,I iI;;,i!l1il be ~seielii ~lrlHI'II me USA all1d IUK clue li!Olli1:e ,e'I: 0:1110 mill: 1:1 I o'WdOWlfl i n t~~ Ie I~ 6l!l,pe,1:: r ilv e 'COUIUriElS.

~ Al,vetalge rateS ~iIiIl2iO(D\Nl8'''''Yitne55M an illl~t~dJ5e in tlilrlf~ i1l~rlOSI;l; m!'lrkei$:e'9lm~nlls_ iI"~e ()lielra~ '{!fowth h IS ~10W'8ytl'f,bu!!!li IOil<Yer Ut IIjl ~h .t II'! tl'ie pre,vio I!!I'S 'll'eO'iiJ5.

~ The higilE:'s'l. l!illl'lnu.:tll gr,tr.wtli'l in i!iI'I;i'E!:r8ge u'llIle' lin InC!Ha~ IFUP(;lO l!;innS W.!!!ii WltIFl9S~!il!!d li,~ 'U~!l!' five sMlr f117'%'~al'ild ~iive·!stalr de~uxe ~l3.5%1 '!:~~~'IJ,,",riel'!lf~if!~w~d by ~he't~rl!!e-~~IU cat~91or~~~ n2.5%~" The ave,r<l'8E! flUe fiDlF fO~f·lSJtll,r propeUte.s, ,Elisa :shm'll',ed an i Im'erea S;~' o:r '~OJi%' .

• DHr .......... _' .ITl!!!iII!~~1i....a.-1 II n .... [;yj'

~ ~In 'I e rWl !I, ,of' l'IevPAR. ,ali st11'Jlf c<lltell'orie:!ii ,!:h"lpeFliell'1l,eed 911'oWliih ill' 2007' .. 011:. The 'fi'ro!'e' i!l~SJr ~o1e~'5 l(j;>!Il!Hils!1ud nIl' rna!iiiimuF'!1l i!Jr1owth iii'!! rHJi pee! l.e'l'"li1IIliS (113°llll, f'o,llow:ed bv :!Ui\!'!e·:SDBlr d'e I Ul!ie' ~ 11.9%t, Th ~ 'lhr~'i\l~~t!!iI! ,~!,u~il ~(! !,.Ilr'·~U! r h@'~!Ii!I~ '1;1,01':: Ii;, :iiaw ,<I!iil j iiii ~fe·a:5e 1I~:i, wen In 8.1'1% alllt]1 8.,3-'11 reillll·H~,c:ti\telv·

~ T ocl\!l "I' W~' II re ~'I!ilnessii I!Itg ,1[111<1 ~ri!i¥ or 1~!'IG::,eOll"i,\j!lei!: "lin'.! 'S"'iiHi,Ofl,a~ tI ~sc Ol!lliillS beilli\!) offered to ~u:S'I!Qmer:s ill me Wi!iI!ire' o~ 'the gll1:tiJi!iIlIl c~lliSls:. ,. (!Il!!l' i ~t hO~PQ,t~ sue hills, '1i3 Oill, wh'iillr~ ~n:ffi'Iif.! m [ate!> were eih:i'ii'ged til'urin9 the peii't!: 5,ea!l;Cfijl CI~ 'ChriMm,';ll~ :8~d New V~;!Ir.. hallie witJlIH;l:sMd i1!i !i.I.!b'5lan~.f!!11 ~f!1I in c~c'l!!pa,nc'il' lev,llls durinij 'Iitills Ilas:t :season, pmmp1:iing ~Iravel agents, ~.o offer ,gt~l1i!! ~~i'lo!tj1IPtH;kigJg(;!sW W(l ~tOY ri~'!-~,.

• [)uflrrl![! '~hQ f):2I:!i't 'l:h'~i!ije yuflifS. 'the pril~e des~ifil,a~ions <.JiCIfG:~;5 Ilrldial hill~e wi~i'1e:5:s;eol a, :~,~€!'i!clv i'lI'!cl'il'll!i!O@ il'l! (!)CCi!!I,p@ncy 1if;!'!,I'~IS- Thiil! cu i:le attfi~iJJilted~o the II;9ctiaf ifleY>I' 5.upplV <lind ilnc reB ~i"'91 dema III d ret 'qu lIiHy Sp!lC e'.

~ The: ~I!lill.l! r'lt !!!~lJm~Qt h~:s wil'rltls:l!f!d ~h!l: hi[lh!:~,l all;)s;urptic).!'l. the miHket!i <lile tiiXlP13cU!d to' mode-raJl!:: ilnds1:aJoilise oven' [he f:l;flld 'liIV!l':e ~fI rs.

~ 1ihe :s~r\fln~ pedOr~fU;JlnCe' ~r ~he IhEl~pil:;,ilil1i.l' 5 e"~Olr ca,n be ,atuib",,~;ed to, the SIJC11lgi ,[SII!)P pIH~OrmI:M""Ce':!Illdi '!he inve;s~m~l1Ii~ ODnfid!l':ooe ~fIlI IncH a, liH01!'!II!l\c f dtl:5pi~iil' 1"(j]i~1 '11:0 Ii'! &idllil ~Uld ,iliI:5i cne'unhe! mo:5i~. $O'~i I:iIh~ ,ill~te:t ~:O!l.ilri'5"1 d~~jil'll~j,'ia n~ i.n' '~;e w,odd. UI!;! I; 0 Ylllli~ r 'Ii" 0 1111 \!' Il!~GCI,1;J lilts 'Fef '01,16 '% Cif I~tle Ira ~i!<I'Umi tCiiJris:t. jlifl'iv~!s.

II1IC lf1e a~ed cern ~:H~litii 0 I'll has Ilea N) de've'h;Jlprne nit (l,f neW' bus. !lles.S Imlod els ;PIll! d ~Wr1! ers nlip i!l'~r!lle h.U!8 5 of pnJP erties. Nlew h ot,ellsOi ITe b e~r:i 9 by fit atlop malll:s,

!i The ttM~1 es~,e'h:l' d:eveiloperr~ are makill1,g ill Wora,l{ Irn:@ tlhe' nIO'rilpiMl'lity SI8,C'tIOW by way of Imla nagem e'nt; co i'lltiFil:c'(s with! e's;t<ilb~':sh,8d h otel eha llii 5., lhe' tJ ()'~e'ls ,se:n.tice a palr~ flflIEmts an d m 1 !o:~eCl • U~ie deve I~o p mlelntrila [11 expec[ed~o cater to 1I11e bu rl9le,ol1i urn 9 m idd lie C Ilillss,lfOlV,e Ille [IS.

~ Hlolte:1 ~11I d UIS~Jy TIS all se'l tiD ge~ a fi.lllUp wah ~)el h,l 11 o!sli mig the 2'011 I] Gam m,!],nwe:j;i lUll G,tl me:s. G o\l,e rii1lm e'n~: has ~IPP roved 3'0 (]I 11 o~!ei pr.Qljec:~s. n fl!:;Hlly hEillf ,or wh~ clh a ~Ie'i n t !i'U:lI,tJIXlU'Y Ir .:lIn 9'8.

~ Developmelli'~ o~ new nQltels uS beilrlg c!o IfIs ld ere,d alolfil[j m~~rD Ilim~s [0' f~cim<lte eft;~c:tf,\,l'e u~msalt~olfJl o~ FlloorAlFea AatTo ~F,A.Fl)

SERV~ICE APARTIMEN1S, IN 11~II!lIIA - AIN OVERVIIEW

Se rvTc:,eElpalr~m ents a,re fulllyf'Li rn 1 sill eCi , self ca'l:eri'n 9 u I'Ilit;~ N'I:<ilt IPro,,,,,iole U"e ,CCiIrl'\,"'8 n~ ance ,g,f 181 tilo:t!ille wi rh ~,Elci Ilitie,s :s !Uctil ,i:I:l:j, nOIJi se.l(eepi'~g, roo m.:s;ervice"24·lno !Jr M~,e'8ptio 1fI~5tS ,tra,vel de~k6i mid 5f!CU rilty.

S,e rvicea pa r~men~s a~e rell@ti""ely a, nfl'\,I'i.' co iTlc:ept UU:lit has !beenl prop eille d by '~.li1e 9[low~h in UllE! ~conlomY',availaDmty of Irel~8ti"",ely che,('!,pe.r ,aiirf8r!e'Stlinlol <I,ill If/llleS. bQ()rlfll dur~filg ~:n e p,ast few \1!e,ar:s.

!i Ac,co~din'91 to L~h~~ gulde,l,irl,es lla'lid by 1~,!hJe D!epartlfil'il ent 'of Tauris m"s,eruice '@ p,arr~lmel1!t~ !lIU~ CEl'h~g'Qlri:s,ed i,I1!'to 1[,OUi rseg me !fits: lin te e· S~@r'f !"Ouf.Stalr, Five~Stalr and IFh,.,e·StarrD,elllllx,e.

~n.e 11 I Irn:S, bi(]ltech lfIo,log y ,fi iCi'iilrllc:ii@ I :5.er\I~C es !lJ1'i! d to aeerta ufI!exterrt 'the mBlI1! u'~,~C~IU r~rIi 9 $,e ctlolr li'Iillve ,Dele JfI UU:l key d,e maril d d rr'iven 'h:lr $le N ~c:,e' ,a palrtll'il:'l e!l1fl.S.,

~ 11 In a 5 D!e,en 0 OS e'rv'ed ~Ih at ,a 111 inlilJeweli1t lie a It (l~ q UEl'lity s,pa,ce il n certai inl secter dfiYe,n' m~1L: riD m 181 r i(:ets, lied to ,<I r alp Idru:se i mise rur c'e ilJp~:mmle.ifIt:s. fhe delrna rid Il,ad ~ed to tli1e m u:s,n room I I1gl o'~ '!lin b.f Slitl d,e d eX'~leinded stay ~acill illes, wl1 UC hhlO'iIVe dern'te~ [Iii e m:alrlk!e'ts~,o ,EI ce'r~a.in le'!delill t.

~ M,OlJor dtii[']s Ililk~e 11t!1l11,gal'Qirle, Mumbaf, Kollk;ata, C he iFIi1i<l~, Pu iiile" lHIyde F<iiIJ<lIG<ilri d G uwg OJ o.nl ,OJ,re wttlmessul1Ig 'he51ii sl:JIppl:¥ elilltelruliig rlflt.o the marletij!fl the nexlrwo!ye~rs.

~ Dev.ellopfl'r'~ IHk,e DlF, Palrsv<ilfllath,. IBn'gaJde grQulp, IPre~M~ge', 'fl.ah.eja <lll1Id Ul'lli~:eclhl have e I'litelfed thle Iflnl03 tl!::et: tyi,n 9 up wUIh mal m hosp U~8i1 irty b ra ifId:s,

~ HospitaM:y pTa~l'ers sueh as Ta], HIYdIU;, AS1C,ott, O<llkwood" Wes:til!1, lie el<rl,. ·ella ru dgles nave thien~' prest:: mlC e! ae r.Q:il,S mta]Qlr IL: I;ti,es witll eXPEl ns nQ,n plains (lIn t irle 81n\o1 fl.,

~ The S,ervi~e QJP~ rtrne nt :s,ectm lrIil::ll Ipos~e d In ealt lrIy oe:c ilJlpa nc¥ IriB~,e:s ae ITOS 5 ~ oc:altil [) n,s dmln'91 ~Ihe p0l5~ few Y1%H'5. ~cn,'~e'ver <3, 51ilJlmp in the Igllolball malrk,eh"l lTI<is led :~Oa Itl1.~H'9u 11'1<111 co ~~!e~tli 0 Iii i!'ll a,e rta ~n i!TclI'![:fo'mark'El'I,s.

!il 'l'he 's;ewvi'ce lapalrtment; ind!lJI~.r~:Ir'i' 1'18'm,a~I!1$, r'o'OIUlst sri d ise'Xp!:l'ctfl!d to g.ro1o-'i.!' wiitlll t:n,e l mproivil'l 9 e,c:Qln,[jlnn:y ~II! ~:he yeElWs <llh ea,d.

110 UIR:I SMI

E.coilQI.l!r!i!H'n: Also ~1In01<'l!'11! ss eco:lo'911,cal u~'Url~m,it ty p~ca~ Ily In\1(III"" e's 'Ira"" elto d~e!iUflla~~CilnS whe,re fil m~, f,a Ulna snd c !!J11~u fa~ I'i! e!fitag fl' ,Eire plr~m.a ry <lnrrac:~~ o'n,s,

~ Plalc e's Ii ke tine 1"1 ilml<llalVillfil H!gliofli, IKrM',El'I:a, the North 11:81$'1: Ind.ia, Alnaiaman .8; NI~e@b",r Ils~.an,aI s and till e ILJ31ksnwa die e p Is.larJ dis, 31ft! key' desUnal:igns,fo ~·I~cotmllrism.

~ The d e t;:~la mUD [rI 'of :SeVelr all wi'l d Ilif€ ,a reas Illfllci Ination a I parks Ih a 5 IE: nC;QiUHlg !:lId tinl!:! '[Il1'oiwth lof Wi.ldll'fe N!SO Wllrc:E) 5., Curre'J1lUy tl11el'e (Ire ~bQ!!.It: 80 na'~ilo'nllll p@rlksanol 44 .5BId11 c~!Uaru es in II fldia, w n~,chworks 'for the p.roit:ecN onl <11111 d Co ns'e'n!'a~i(HlIlof IN 1 !1lI:lil~e' If,e S!:JiU rees r n II ndli,t! ,

Maj 0 If '1011 ay'E)r5 i [!111~co·loiUlri8,m ~11I'!C:il lUcile I~c 0 11111 dl a, IM6iIil~ndra Holld.ays & 1!'!,eSQrt5,. Itllf!l, StJe[lling IH,o~ Iday 5 alii d IFle sorts,

.Adlv,e'fliturn'!, 1 QilJIlfi.5j,m: Til! e S,n o!w ·,c·llilid p e'~iks, V<I! l'eY$, ITollllilttg me'a dl~W.5, m eat nderl mig 03i1li d iFO'8 r~1ii 9! ruvews ~rv~lh~lh ~ck 'for,eMs rich i Pli wi I d life pwv ude! t.lrle ~ir 9 nt e'HV T rO IfIlrrJ ent fOlr aG,ven'rure spous.

~ llu:~ Hlil9fil!i3II'aYBls Q'[feJI" 5'Oitirle gf '~he, IO,[J'9Itiie'st: tie [If <Ii lfI$a Ifldi ex~itingl nv,er r'Ulfil5 i ifI U'le w,o,rll d

I~H.ov~di mil.] th,e' Iifli":J11n l!lilll'li' ~fOIIll !TI! I!Hl 'I, for' M!olJ tnLili 111 eeri mt(l iill'ld VI.!',iillietsporil:S,.

.. lhe W03JtilH :!';;nll':iI3lmS ,!;Ind lakes U!f11 Jall'lIlmliJl &' lKaslltliiirtir, IHilm"",:: tI:a'll Pi'llitiesh ,EI IIJI'ltllf IPr<i!(i'fillSlhl are Il!:Mce'll'en[ OiPpo~i!JJlni'i.v ~o,r Wate~ :s:pon.s II i ke, w,!.!~~!" s ~iinD. win d so!:! rfi~.!:JI, V\9C hlil'!l!ni il!lrld :se'l!! bOll ,divifi,gt.

.. lhe h-;i1aliH:iS or A,nd>aman vi!l"lually IUD'ltolU~lhecli a,,~ !!i,O~!l ()f thu b !l:!i.1 :5pcm,rblT SJ(; lililil!! d i:'II'J IliD ,lind s no Iike-lImg.

.. The beaches ,l:}fGElIlI iii mid Kerallal also OI~r'E:r ((,ther 6p!tHr'tJJ'I[I IOPlJ!lO!"IU!'1lt'i8'~ II~'~ Wl.l!t r !>kiiIf!9. wind i!iurr-iing allid:5:E:lHin~.

Filmall 'Ollllli5:ml~ 5iinoWG;Cl5e5 the r:~IIJ,1i1 ~i'hz:', •. an, ~l.!llm~ ,(I ~,cllh ~ri ~!lg1j! ,!!!Irilll! rc!i!i Il@,·!!'~;i ons lher'~b'il' Denel'itiffllQ'iiihe, local com~TlIun~'I.V ,r,)'t:jol!ilomi(i'3~ly Elild s,oeil:!lIIV.

!O AIl.!f I ~;ouirism ~~ f!ssiEln~i 11''11' ~m ,gC:,l'vit\l'. whic~1 take 1P1:aa:ei~lthe COU lIlitry:s ide. ~t is lfI1Iul'tJi'I'ae,E!l!:!al ,!lI!ld !l'I!l!IY' I;;n'~Eli'l 'ran'!'!! J I!U;JFi,cuitJl)!!ral [I:Hlri~m. 'CUHiJJf,all!Du:Ili!mI." n 'tII.!l.l'1'iI tOQJlrism, iII~hji',ell1ltUI'IlI' 'I:omislm ti!nOl <eoo 'lourii,s,m,

.. 'I'n rur~1 ~a~lr:i~m, ~n~ I'oc;a~ion!!l !;W;I !Op@r!!1~I'!i PQP~ililatle~. pfedllllllillFllil'l,allllt~v lin nah!lt,alll '!::lrni\l,irliJnmen'~.lbil!l'led (Jon pr,e:ser\!ilI~il,on ,of cultilm:i:,. ~erif'!iii.!g!,'! Oii,nd traJd 11:!o:1Jil s.

,As, the c,ost lof II'WI.edl'ic<l1 lprocedufie~, seems 'Ml b~ iHi!:real~i",gl beYDlI1ldi IHllIll'ld$ iilll the West INItient'5,~i1'~'!1II 'Ihe wes~ern 1ilI1!I'I;iof!s Ire b~co m:in~ lm,ediic,1li1 ratlriiiUsto I ntdi<li.

lhf:!l~"'llill;!ilbiIH~y c'W l'irs~ g,rao,j!l ha~,pital'r!:lcili'~;iEis,. (lJlis,jJnos,tiC: ~,alit:i liUes ii i'id nlj,!,'!(jJlvcal ~ ~l!letli'l,!o!lli,eii'S i;:(EI!l, lied ~,D lliln:lia emeJi~iflg a'S iii' 'kiey' des~il'1ation

'forMI (H(i~lloyr,i:5!m, ~ .

'. .AcCOf'dlinO It.C !H'H~' CGtifelllef!lnion e'f hmdian I nd l!!I.shie s fl['.1lll.1 ndi.':li ifill's: lm,e IPOle mltil~ ,~!O an ral:~ on!illm!n~~n ~~I!U~I IDi,HIUIO per ,l!lfIrlU!'fI!. wh!~h C><I ~ con'~~rl1'buM IJ~S '$ ,",,[lITon to tlliu!, economy.

• lhe' mledi~O!iI 'lol;il.ri$1mlII1 1!1I'Iail'~'Ellt ~1IlI llndi@ ,is '~!i,lilm'O!~led iil,t USS 8::n.'4, milUo~ IP~f IH)!l!l:lffi and! is elqj e et,eOl to be'otome' L115S, .2 bfllion a ya@flbl.!!!,il!:1g:!'i,s, bV th~ '!rUg ~20 '12,

,0 IlfidlDa is,5iHl[ng a !OurD~ irn Pii'I,Ii!lilitshom ,de\i'el'op~d CQun~:liies lie UP.!:, I!JSAi3l11id .a~:5!o ~Irolilill I(;Olill'ntd~s in Ahh;'_ !j'!lilid SOyitll !j,Wld Wtl!O~ Asia tllalt III ok hefll:tl!c <lIfe in~f,a ffi:1.:ni OtUIe.

,i

I' huJ'i!!1 olef~ lrn~glt1'IV COM ocmpetitive medic,1.t1 'l'N~a~rnerlt ,and! te,clhrlo'logiG,,1I ad'>l'anc,e,s in ~r!H.!!1!,~II,I!g;h f!!1~ C~r'~~Qllg9~V'. Cg'~m~ti!; _nlt;! Orthopedic: SUf[lery." DeIUis'~Ii'li'. Eye' caf!! ,.mii:l pfE!~el'!'l!r,ljj[e ~liiUlliilh e'he;ck~L

.' TI'!'~ surge ilfl mjiJd'ic~1 1@'I.!!li.sm ,I1'i!!'!!l S,j;)~fI mOll,i(H lIiUirp.Dr::u:e h0;5,pi'l:aIIlFo~p:s in IlfiI:di,<Ii :slIch ,BlS ,Apo!ltI" Mi!iI';\I.Fonis, W{u::kh,ard~ ,ilI~cl Mllilmlip\i:l1 m,a'king iIi,i'!1il nifi can t in \I es~ m ents i 1:'11 .s:e~l:illi'l g IfII,P :S'la~e-c!'·the.lill'illh o:iipila'ls in maljo r ln diBin I!:;i'~~(l$.

'., The OfO'wll'll ,o~ M'~di'C'a1In:njifii5m hal~' c:re<lited ,11 l1Ie'Ehd fo.~ hO'lifi[I{,eldende mI ::;,i;ay 'rae il~i~i,e::s". The , Yiilfg'iU~'j,lr olf h~1! Ilh M:iUrl!l~S, rang !".l!!, hom 1'5, o.a1f~ 1045111<1''1''5'.

'.' Indilll ~s 1I10~. orllyal ,to',st ,en,eci.iv,e' des~il1l1~ion bU'! a,iso, 'r nils, high (lin '~1i1I1!i \!'alu~ P~Cii!lCs'iliCI'II. IFor i.li1St:!llr! ce •. ~iIli e I01;l'Ei·ri3l1 SI~ICC e':iig, rste o~ IC.ii! rdi~c Eh!'II4)!H'S &l!'rg,!!:mies ls 98 .1- ~ ,fll~ ~p;ri}U5.edl ~Q :9(i\,5%,in the Uni't'llid State5.

H[l~fJiIaIE l"i!!I~·IfiUO!IBWil, D!lIClU!'s, NliIf:S1Ci!l

M!l:~iliC:lj Coil9ii~

~Ui' 870.161 503.9011 1'31.000

16~

:st:JRG,mV UM THAILAND IN.OIA

1[ln 'I..IISS,I ~nll u:s:n (In U:S,,}

!BOFlD MiUroW TI',~ fi!$plllilit

U!;IIC'J T'r l!I~tPlliIl'I D iQ'pef'll Hea.r~ Su:r~~r'hl'

H~FI Fle~II~!l!I'IIcnt '1])00 :5'lii 5lcf)f HY!;;liI!i ~G(;I:om¥

250~OOOI :!.OG.OIIDO'

6:2.SIlO ~iTh"O

75/000 40,1000

:30',060! 20.0001 ::liS.lleO'

!ii.5!1l!O'

141.250 16,'900 'MI@O 2, ]02

1l:,.mQ ol,SQIO 4.500

!i11l

MACRO' ECONOM'lf ilttlE IIM1P.A;Cl m::1HlEi

E!CQINIONUC: l!!)()IWN]i!:JIIi!INI

~ ij"h~ I !I'! di~ln eCQ!1Q nm,y li~, ~~~ II1II 1~lfiOwi!ll 9 ~1 ~ + ~ ~, tlespute thel i5'i~w{i'~~lIrn., lillie ~ndllHll il:I:IlI'!OITIr will '~ijJltl!'ll ln ~Ulle;i~I:O n,d ~'aste5[ nro"";fl~ r<il~e in 'the world!!Jh~'r'C:I:i~n!!!'~ 8% i~or .2oilS-O!lJI,lICCQrdiillg '[0 the ~[la,v<lnce e~Mima~es ,~r Natig'i!l!a'lllncorne [lrow'tll~ il'i! FY 09 Irel,ea~e'd bV I~.h!l' Ce:nt!r81 S,t!l!'I.isticl9ll Orij ~l!I.is6ljo'n 'ieS (.n.

~ lhe ii1!::fel::li!Ofl lilil 9'il'i!I,e,fIlWletHs(Jell1ding - l'lMi:l ~;UI~pl'~!1'I~I!~'Wfy 9 rr~ln~!li i!:l! nd lW() fi:u:;'i!!m :i!limy~ ~.!h~ pllIc.ca(l,es • will h,lIve OJ cU5,~iQl1!ilng le~'ecJ Qn the ecc I1iO,rI'IY ami, Wilill ~;Nill:'~ly(l~~'sem. ~1~nE: Sl'owd own Ii 1'1 p,rlll'l'Hl ~O!'l!'!i! ~mp1 [011.

~ file !]wOm'IlI'lf<l!te O~iJG"",~mm'en'l eon :l,um~'tiom ~s e'xipededi t,o ~,nclre:Eis,!l' ~tr(llllm1l 1.4.% 11.0 ~181.J'%. lhe re'Visiilo!'l tn pay iSClIll~s, c,r lo\!'e~ii'IfTi~mt El'mp!'ove'e:s,is;<I!f1 ~m po ril:.ilIlH I~a,rt o,f' '1.11 i'5 ini(;~~$~d Ig(l'!;larl'!m~n~. 'c~ !I11!!Yiin~:pti~ n Oif gQ@di~ fl· ~er'ill ~e5.,

~ A,9'ri~un1WlmlE! i.s, '~xfleded te' 'lliJlrllll in ,81 ,grow~fn lof :2:.6 '%, ~n 200;1).'09' c-o!nI'l'iilWlSd w' 4.'9'~ ~ ~ !I'l-20101-08,

• Ilmhli lIS Oil con5~.mp--on drvveii'l ,eco,ulmy il!lfld

wOlJild l'ema~n~h!.JI5; while IIJS ls '!l:on1Jronting Ire-cess:i,on" ~ndi<i, :tol'l;rlrlol'l'I~, the de'mlon ol~' II ~ r1!a~lon ~

• ,ADl:ii~R'1 'tne pelih:Hmali1I!t!' of IntH<iI!il ll,eCi'lIOm'jl W!IJolJlldl relmairn 'liO be I'n.avil\' d'E!pen:dent on s.gfie'l:i! Itun~. :co nltll'!liHloCll I i'beral i!W'llan. ciQu,~led w U.h ~be im pillet of p ub,lli c ,i!llli1Id p riva te Ii liiIiV'i!lI~T~!iI"i,(,j rnIIl~. IPU~S hil,dij,f;J in ~ I,m i i;;Iye 5il:~ iluh:1n "(I ~ 6 dec"nlel~, PD:S~: I'nldle~ejulence, ~llIere' bus IlneSS ~mwth has re~"ill\lld in ilflidiliid:ul~111 l~nosJIieritv '~Ih. ~ if! 1~lum linus: N.lsliJl~i!iId in, , fl !;I ,ponil'n~il groil,vth ~n b'IJ,sil1e£:!iH],p~or[unities:.

0' 'Tille iln~rl~'::IsiI"l9 IPul~cha![!'~!'Ig po!w,e~ 11a;$ ~'i!id '1.0 a Se ! cit'! I'li):e in '1111!l1 iliJ!llfiSUmp1110f! IPI!'II!li!FftS, with an eVlef i'i'~1I:r,e1i5i n 9 aIP.pe[i~e 'mor reiCrel::l~ion ,~ 1iiI!1~.glrti!i~meo'~. lhi;llq~:r.ck !l!~tim!i!~~~ ~f '!iiI'I!'!li",!'uI outplUi. ~lRiil.diI'lEli, :iiavin,!]=> ,3!1iiid investment fQ,r .2007'.013:, nelelllse'd by Il.ihie CSO, r!E::fI,~c.1 a dell~ II; i kll' II n SP,[;!1fI !1lifl'!'ll '01'1 fiii Cf1(lation lEI' e UUJIlII f!El - 'from 3.,7% illli 20001.01 u), 5.1~)% in :2(107' .. 018:. (WJ§!Jt@lue r~J~ n~'Odem t'lJ'~UJ,WU,/$.'~l tfJWJ~t~h

'.' Whi~ Ii! i,ftlil:tNjj'l ElitiQnaIU)'i.llj[is~ Ia!ni val Ms inc rea Si!'d hV only '!3;.4%,. d'Dmestiic ~Jr ill'll'd Ii 1iIII[!i n(l the same

Iperiod Ih"U:;I!'U'.!IillidbV '12.'1%. .

M~XED BAG

'.. i:Ii!~l'i1 1l_fii'l'I' ""'fU IJ.!ji'fj jq !iI!<!I De~j.1.uIHt Ilrowtli tIt iII·til. !!o-aliid l!nCI' Cl!!1l\!!'1iI S IQr .2:00s.m

'.. 'OV:!!I'IiI'l11 @lJRS!Wmpl.i@1!'I iloeil,j lJj!I.daI!, 't1J' Il'Iig)l putlic '~tBt' ~p;I!'J1Iiliil1il!l

.•. TIt!!!! li'~~!I!' ,'" '~f!'iW!.~ !:!! ~~! ~~'KI!I"iiI fn _!' ~KI~F!!! ~!'fi!!;l·tW1l!· ~!n.i~ ~~I ~~"",,i~ ~!I!£I !I:!I'!'!'>mld!!i:"!', RoM!.!1 ~ p-~r~~1 ~~,::.

ElIul'kIf _ 1'51 1iI'm!3' ,in !he 1iJ.:s.t ~OI.Ilf dl!e.aillles..rllflD ~B~ Ilrov.1:~ h:ils. beiFl po!>iUl!'e i'®r tour 'llIDI1is.e;:;UlI",1!' year:s

Astludy. ,r:OI'il d ilIcted by~lh e NI'I~~Q'rl,a II COIJi nr:~ ~ fa'r .Ap p Ili,e d Econ [I mi,e Alt;lsealrc:hi ~ rNICAI: R), is latesthfl{ the li'!ou 5ehold ~ ncom e~ UI'ii.IIfIClliaa me :;lei to Imo,ve ,<I ,Me P l\I!pw,a rtCI fiileX~: yeitliF. As per t.fltlM'Ui d y, fO'f the '~~rs'lUme ,'~he I'llJimo,er o~ hugh-income li1oll!iselTlolds I.iYHII sl!d,rpass the Il1umbelF lof p,[)or Iho!JJs.elliol!Gfsll11 2 m;m· '11 0, wtnu!e mope UUiill five' mlllion mld-incema hlOlLl51elf1loilds wm hli~ the hTgli1.~l1comle ibrad:et. lillis, is Ili'keIYI:olleadto <lIn I n,[llrlt;l,as;ein th e1p i.Jlrcha:sili'i 9 p,D'i.lVer. with <lr,e au Itea t'lt. i lricre.jls'e' 1111 ,t:ciIIlI su mp'~.uo,n.

1IFaditionalll'y, till e, 1m idUi' l1iug h i'ifllC 0 me u rO<lln Ih a useh 0 I d ~ n Ind i<lilend to Mike a~ lea st.o lTle fa muly vae atiol1 ~ III a ye'~r.lPrefiflr,ab!lv aW<lIY from~:h>e city o~~,e':;i~dence. WHIii the lesUma~ecl ilflicr'e'lIse in such ilollJselho~ds <lInd Ule GS CD S~8 tistil CS; 'o~ i lricre!lls un 9 spe l'ild!i an recrellifi 0 irl" o!'le c© ull d eMpe,r:tal p osit.i ve illTlpa cl ,eM1, '!he It[,av:e~!!I ~:D IlIIF"51f'r1 lin d illstry.

_I 200l:lo~1I _ 2008,(1'!!1

:2:oog'11~'

~lniJ;i'! Illii:..'M1i d"~1,~

25------------------------------------;

~o~

'~5,. li;ioU~EH'L!iUDS GRO~tI~.,U

o~", .~IC'-

""I~l------------------

'0-

'i1'OW IN€OME MEDIUM mD~ IH&H::IHIINC!JiiIIIIE:

~i'ifiiJ.llln~iiTIl ~i'ii.i'i'llliu .. MifI IIAi'ii"i.iioilll'f1.ooi'i'ji

"!:II .... :i"Ua.] R.i. ·:r~~.flj., ~.K "'''II~ !J!l~. US'II~

"GIl P l[]ruWirlI 200Mhl) 8~iI 2QCl7-'1l1; 0.4"" G[lP a;rDW!~ 2.003- ZlD09.: 6J% G'[lP Grow1ll ZBC9-1 C; ~.l"lo AM1VSis :So~~~~: NCAEII

GOP' GR,ownIl &: IN~I)IM HOUSEHOIIDS

Re,all .NDIP

_I Medium IIIliIGOFl1,E!: Houlseho,ld:s _I lOiw lin cO,lne Ho u::H!ho~dS!

_, Higlh 11111 COimne IH:o.usieh~lldls

i' Ac,eo'rtl lng' ~:O 'f\!J CAIEIR !ls:t.i m.';llttl:S,the 9 rowtlll of ~1 [) tJiSI8 hl(J ~cl:!i c Ileilltlv es~:a'lJl Isl1 e 5 U'fl@'~ whi Ie Iii ug Ii'! i fillc Q rue ~,OtIIS,e nlckI::! ~'[)IU lell c'on:ti i'lIU,E:' 'to 'glrQw ~nd I!ower ~ neO'lne househa lids wi~ ~ cQnt:iln l,Ile W ilh~!he ded~ ill" fFilij 'trend" ~t is Q ifI~y the pace~ !halt W'D~ Id o:e slolwe1i'.

i, Accordingl 'Mllliiel UnHeell Na'tJloifll~ :PCllp~~aHolili IFiLl rid ~ IU NlfPA}, II irIoi 1<1 lis ~F'l'U~ ~g urba,n T sed al~ alf:as~:elir nil~e tli! a fil 'lhle I'e~~ I[)~th,e wo.rlld <ind tl,V' :2()30 mote UlilIl1 4@, i'% of the CIO ull1Il:rls po pulart~oin ':'!!,UJ'U I d be II vi:l1Ig!ifl u'rlO:!l.n <lrea S,

,i A~ P e~ 'tt~lli'! Ge n~ !JJI:S or I file jal 2'WH estill'il'l ~'~e:ll, 30 % of 'Ihe~iotall popu I'a~u(m lot II nellis Wi()ti,ld b e I~ VUfII 9 i fil U rba n areas by 2.0 ~ 1',

,0 Beskles,. ~itIdial h,rul, a Itl!Ulcnyo!JJln9,e,r pClpulati!Ofil C oi'lfllpi3red ,to m,o;s'I: odil'e r' eC'O'fl,(j m~e's. CUlrren't'I:y u~ e po,plli ~altiojn i 111 '~.li'Ie WiQr~::J11f19age group ~ 16 65 yealrs} i$; !:IlbQu't 700 mHi i,[j fil If Ie p res't;l nli )fIgl :3 bout ,64 per een t o'~ Uilelol6i'l p,opu I atiQ,rl.

'. O\1et the 11::l'S,~ {·e!w '!t'e'Olr:s, l'ndlla has :se'e'll a C'O'fl,:;;u·stelflii G 1iJ1P' growth ~'hat W18J:;l 0 !JJltipa,c,e d tlh.e g 1'0 b,BII Gi DP 9 ~owlh.

~ Ttli:!> con5i'~'liE!:rn'l groWlIn, 1iI:3!s in turn !Ie~ 'to an over aU eeanernle dEM,,·e:loipmen~.,of UIIE! eOILmtrv. theey ~eili'l,g ~he iIFu::rl~ill!iiino ,!I ffontl,lIbil ityJ purchOl:sil'lg pow,!'::r •.

~ lIn e:n!;iC~. limpr(]l'\l:ing dell'!f1@,!)lw,[;Ip,hic; ~:lri~dil!ll~ r,IIVCliIlifiillllO 'lli;i;e youfi1per generati'O!n ,iiif'Ili' IOtI'OIil'£!1 inditaltors. ~o:1' Itlh'!:1 C:OUlIlltrv'S leoDllomic 'Silf>owth. nnls g(!1i'I1l~aitiC'!~ from n01, ju:s,l, L!lrb n I"dlll but a I:~ 0 r'liJ ~<I!I Ilrildii31 Iruled!> 't!O !be, li:I'llili:seal ,effe't:tive,lv f,gr ,ill b@[ter'prQgw1e':!siolllll.

~ lhe IIDllrllll'i!lolnin;g midldlle·,claH!l,:s, i3lrHI the' 'fi'ivO Luall I ~ demo ij r,!I p hi,c~ I e~ d.ilFn {;I 'b.o ~,i Unl C'O!lSUlfTI,ptic if'Il ,lind! ifl'i,l'tlstmen~i!i 11 .\lIB b [:llfiil eftl'IJe(![i IlflIdi<ll'S gr,owm. lhilllS,. 011'111': c'an :saf'e:ly CIJ:I"l'l:I,u,(je' th~i '!~,~ !I~di<! fi~o.ry IV, l~m!iIf ll'filt~I'!'l! 9 r' il,(;: h 'J'lr I'! In, d tiler'!'! fs s:till ,Ii 101: 1m Or,e tiD ~t~i'I '[tielimlil'$ 'Ii) c: 10 m ill !Ii [I1Id all thi!!: sl1Duld IOn~y he:~p '~lI\e~r,ij"'ell IH' t~1!J ris'!'i!!!I indulSlf\l pe~ SIl !lind! 'the! ho:s:pitOll ritv Sec~.o r in liP'articlllIl;1I if ~Cil Q roW.

The gOlJ,,1'tlrlfi1 rne'nt 1113!5 ~'I'i1II1S ro infu~e liilllI[le i Ifi,Ve51rnenti5:irl '~ml;e' infn,i:!l~filJ C~ure' d'eve:lopm eli1l~. in the, c,oumry, Whe g,O'VtlirilrUl1iut Ii!! pl!llll'lnif;1i['j1 tOI s~t !JIP _, ~p:e(:!l!!I, dedl,'!::il!teo 'hr!lflcl to priQl,li:dfli ~'O~fI~. to' vnf'r~!!Ul~,~[l,Ini! prQ~'t:ic~~ • ~o~d!i, ,iiliiI'JWflS, pOVileI' pltlnt5 an{lil par~5 " bein'£l,flleveloped by private l!!lonrllparnTe:s, as weH as b,y !lD\U~rnlme'iilit.pr~v,j;Ue, jo i At ventures fhel IprClpo:s'edi hmd i!se!!:pec:ted '1,0 l!MIveal Cio.r,plJli o~ ,around! lFis,. '500.0001 rnn UJ:S: $1 OIA IbDlII. AJlII thUiSB: !ri!ot~o'r!; plu1. ~o ~;!!!1JI~ler L:0l iii l'!:i~d UIS, ~.GII~ltPt!'C ,!!II ()IDP g romil!1l !elf· round 15.'5·'% II'! FV 111 ;

11111 T$5W1oulld 'on~y ac t <15 alfill aldd'ii~r Qn<il~ bOQ5~e I'hnHiii: u£lvell & tourism ind'lllsll"y.

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• ·fhe efi~rv of 'foreignl hC5(p'itaIIHV lplayers, Ilf1as Ired 1110' d ive:~s,i~ iie iltionil nell esta b Iii sldfl! 9 Ibe~~e<r st8!1dl,mJis,.

~ tlie uru::f1e'8l5ed OIi@Mil ot ~he nr ~e'Ii1:tor ,al1ld ~mer;grnD ~rio:J~~; of IBict~clhl'lol~giY h!;l~ I~ ~Q an irncre<l5le' li~~ltte IFilum/ber or ~O~pofCli~e ~Jra'l/e,lIIler5.,

~ lhtl 1;l,,,,II;i!'!II~I1U~li] f1!'l'lW(!I rk @nd IPrl3~1l! neft g:Uolo'll' Il:Oi5t <l'~n inlEl'll' hail, I~d ~.o' [he !]lFowth (lIf de mt:stic k!ivet

• lh~ nilVII' 0!'9!il IbugBllt bo~~15 !!~~ P!'1@VhJi<rllgl qlliJ<lar~y s",'<lllefof d1ome5tic 'tr,ay,eil"

~ 'lhe ,a'vail;;!bm~y of higl~ 1[jIU<l11i,I:V helil~!~ eare S'illl!'\nC[;lS, h~:5 11!~d to 'lill.l '!tm~rl]u!itc~ at lMt:ldt~IJ lf~lJI'i~m. whicml has re,slWIUedi ill'l :l3;d'dr~ilig,na~ tile !iflHlld ~'o r ImN~1 N)OITl:!):,

• l'o~.l!fisnl is 'COFilI~~Gf~d ted!!!!;'!"!!!! iIIf'lIl dlf'!du!Otry. 6overnm811111 il'liliatiwf!s wil~ilI ~;8i:l!;, holicll91{S lifill ~Ii~tri>!;~ lh!;!~ Ihil!V!l)' IJIIHlESCO Warld h~rho!!!lI1l 1:"11)1;:15 ,<!i Fe prlovii~ino I m'Pe'~III:;' UJ' 'lme' Ofowth Cl1I the ~ ospitlil!it'!! :sect,oli.,

~ IAusi'ng l'I!ij'Clome' le'iJ\E!!ls, ,and ,alv!8lnabil~ty of h1011i11er di!i!po:l!.Bbl,el[r!,aome am(lI'l:g'S~, me '!]Ulwm'9 m i dldlel ltilll:S'Si,

~ The, '] -1 '11Iii1 5- VENn IPll<ln has con~ide~e'd 'toUrRl'm Bl!1i, ,~II'I ,il'!,dE;P~:!,l(f~II'!~, fill [fui!i.l.rv ,lind h~:l! fl;it;Jomm!o11i1 (f!llcl UfU;ei!1,~~'!!'elii ~~ F its IPI'OffIlI OIiCi'If'iI.

,. A",,;:Iiiliiil~i I ltv of IIGli\;i '005:[ rne<iJfiC:!i! ~<lci t[1ie.5 11;als ed m I~dh! tJ !,ling ,11 Iil~iml;l d!l'.5J~iil!1!alf on for h~1!I1L811 C,[i WI;!I .i!lfldlll'l.al5lled '1.0 an iflCf,eatI>>e inforei'gn tCUf~~l'5,

~ Th~' YIf11f,odUlc!tior! of IOWtoiSt. alr '1iJr,1!ii'!Jl\~ Iha!5 [Ifil'llllr,utlild _j dllmrnnl 1Q<~ ~~~~I l~@om~ _c~o~~, Inrnal.

WEAKNIESSES

• IP(]'Of In'fJ'rr'La:S;~IItIWllC ~Ure: Il-ack ![!If' JjI[fOP 8!r' in'h!!ls'~rl!c·t'!.!!rf!i il! Pf0!,'il!'l[J '!~ bt;) II h~:g~ imp=GI~meiil!i: ~nl the' 'E1f(llwlilti gf the i'lospl1ality se~tGl€.

• S~aYir1111:Y; IllndiO! Irs t;~IIl';,idl!ilrf!dI (;ll~ ~ w~@k 't",r'~I~l witih ~IIC'!l: oflHQf:1 d·c 1<155, ~e(;'LII filV me.a!SlllfeS.

~ logli::l'ilielilll baUienec,r.:s~]!ld 1.B!l:k ~'r '~r8iirH~d P.~O'rieli:S;~'~f!1! !I; ~~. !I!!(;~ ,I! hifldir, n(i,~ in the '9 ~GW'll~ o'r tlh~'Ili5e¢t@lr.

~ 1Hi'Sh (i;lInd CG:lts .i!I:'II:1 poo\~ Ii=S!1 mHms w~elfll compafl@d to wculld i!!l'I:afi{iL9nI51Iiiiil~ 81's,o hilffi!iJerlt;ld ummilih,

~ [L!I~k ,~f !!ll'jl)JrIO'IHiatll!j IH!I'~,ing :s'lPa~'~f!! ,to' camp'l fml!'lillt the iflfr<l'50'lllfuC:l:ulr1e! is, ,e,ds,o illil i!>!su!! of eoncelm.

• l'c!!.!!~i!lm i~ (;on,td~r~d !!:!HI ~~al~~ :!!'l!IIbj!;jc~, 'which leads 'hJilrii!l'!'~lmel1ted aPP[o!lICIliI with ';Iaryilfl\ll iXIlicje 8, ,ElCnlI5l5, S~.lilite,$:,

• HO'li~1 Cl!!!!i!!:li~i ell!1 i on junin'!lII¥I:!~li!m is ~ l!!ldiil'I!9d.

• lack D~ ,O! nan:5iI~afelTlt II illE!nsi:ii1l!:i1 IPrOCeSS Unlit leads to del,BI'f j_iill,!!(iI!e~IIlI;Ton o~ I1'Joj eets,

iI Irh.u~::UJN!niC! mJj ln the ;a rrr~v'al~ of' (lorle 19 Ili t.Q:wI ~i~m5; lO~!:l11 d~I4l,f)ndl;ll1cyolii fO'l'eign tgyti!ltl! '~Oytdllb!iil iFl15ky. ~mIPQii1:aFl&~ nelHlIs ~!O Itlf: 'E1i~lm te, th~1 ,pmmo~i~ rI of clom il!5tic, ~i!J fd!S'~~~,

I. 11,11!1C!"~n'!ldl cC!ml)I'~~'lh:m Ifrolm y!'!~u,l!nd d 'gIUIl':>li1ou:ses<!liil'iileJottelfidedst:av 'f,BiQTI illie:~"

'. S,ee~ ~imy lhriflair: i1"li1e recent ~:ellmiiis[ B.tlalck alt [he ll!~ lM~h!l! Plil!'~Il', '1'llIe' O:b~ ro~ Ol!'ld n~t!!!ii'!fIt 11'1 O~i!~S, :lit MiJimD<i~' has eXPQl5,ed ~lffIidi31 as ,tj ~1~1li:l'rr:a~le' '~argl~t I!Iimi n~ I i bl~ ~o' ~H!i!lCl ~hEl holS pit!:!li Iv S:~ etof ~n the' sllil OR ~.ei[!ffDfI.

th.e S!l.Ipply" ilhere is !llllli '€::s;b.iI:l1ll,ded requiremem:ill of apprw:w: i ll'I~t~ly '] !50,OOO f@C!m s, lh@ri~ i:!i ah,lo Oll laid: or h(i1i1i!~ rooms ~f1i tie'r·1I '~ities, willicillil ,are vet 1iCJ's!ee the dew!,opment Qh~IIUilJli~y lSip",oe'.

• ILand Cost: flhlelre is :eli shor~a9'E!' of lP~iimi1.El' II'CIealllit'llf hmdklr the d~!lellopllllH~1111 or hi,glh-end IfIQ~el:s. IlHliglli1l!!!f!d cc~t ,!Ire' i!!oco~!'!!tirngfor hY~!!! capita" i IlIO'-estmehts in ~~'ii!;i, :sli!!C~~n.

'. ILillick ,1),1i OliliIJli~ W,Dltk.fol",CIl':: The [lildustifV hai!il ~'ij iled to rrelurm '[;Iood p roll'essiQ!1I1 <lIs, ~'\-Hh 'vari.ed ISlkHI!!,~t

• CU5t.QlIIlltrPell'!::e;pti>oon, Il'!cll~1.! III!!,tlS ~m~''g,edl ,liS iI!i d eSi,~;i:II1:,ui[ on en fhe 'Qllo~bl,:!I tW<lvel ltna'D. hCwe!i,iler it: does not meet rulilit e:riiillfliti 0 111 <:l11i\!~lliU;gI5t,mclllnds."

.. Allchai,t li.ice:nlsilllJ9 ,lind IDeve!lopmeililil: 1~:Ol!rnI5.:

G'O"!f(!n·nmr~nti!! I 'nl'~II~l:!i <!Itld poo r !FS'I IIlO~im!!1, .U8 It~ i Atlr~liflce' ~o tile ,dle.veIGpment 'tlf tllll~;5 sector. p~\I).8JCl!!Ve !~'OV,elFnlment lini~i3Jti'i,l\e!s, 'co !J Id In el~p ·i iii ciE::veilolPin9 ~.QlJlri~HI"iI and the hospitalnlV:ll!f;lCior ..

.. :SIh;oll'ti!!,g1'li 01: Ill'IhmatiQ ~i!!'1 IBr-BlndS!: Th~l1e l!l @ sl~'Ir't!lg~ o~ 1:1i'I~!!!m<l!tion<llllim!Jl'l!d~ fJ:!5!~!!!c~alt'l" :il'll tlmle rnli~d·mil ~kgt· ~ PI d b !;id:g'et. c,ate\U1ol'iel5.1he l1I<exf 2. ve<l[:ll. wiillln;owe"Ver S~IE! ~he enllrv .of Im~n'lf i Il~~m~li@lu!l brr!lIlil.d~!I(i "!OM :s~g rn !iliIlilM,"

• IR!!tJlii!dng QYi!l!~i:t.y W.QI!l'i!J'~!i\C~; !Low w!'!gl~ pac!~.tilges li1'a'Vtl' led 'tom! ghatUiti!On lell,!! 1:5, in the IlI,Qspiti31litysecmr .. A stuidy br A.S:s,06ii.'ted Chamlillel!" (If COll11lmlrm;~ and IlIl.d!,l~t!rr iii'! In·dis Vt~SSOCiHAM) rt!"'~!t15 tllu:!t~h!J; !:!t~r~ti(H'!1 ~a!~!l il!'! tlmie hr~:!lpiit3~ity illl::lIIlJ:~my in Ilml~ilI IJ5i :il)EH'~O ,dlouMe tiD' im8\8Ir,tv' '50% bV .20 'I 0, Iupfro:m t.hie' e';I~lhllr25,%. 9 rel,IN i 1i'I·9 .!It !!I'II @1'~IIr~nlli 11I18! r~t~ ,of 11 0'% $1.8_

a ;severe dedilflle i.rI itl'lifevelfillue in the next two y'~;;!JU; whfl'nCQ mpO!! ri;ld with 2;ecI7-08rli9lyr~:lh

• HlVS, !Ulli!11t!1ifJ5lhllii' ~I!,!! ~!liln IjllO~~·~ ~ 1~,th.!!!it!"V U!!r-l!C'~ a '~OIiili1'olid .. ~ed Il'eV'eliUi'e ,del'l~{rle g~ <lIflQll!fillt'i] INIFI '9 CD. 6i2:(]llmlll1l betwelEHDI :2![)'08·09ii11il d :2010!;M o [rolm ilH' b1!;1se Y'(i!!ari.2001·'MI~,

• .Acco'rd'iJ'l[l li~ U'Hil 1C:~.ril~r~ ~'o r Aljlli,1;!p!lciiri~~ "t\,vi.:!!ticn ~CAlPA.l. tll!ie Iindian <lvi<!lITon :5Jt!CliOr is e:xpec~ed tlO lose .<llr1[)und I!NII'! B~J<,3GiD mnfor ~Irnle fiiniii.Dl.cial year 2609·09. illl€: I~On'~Olli,ol!!lted I!oss ~ ~drn !!~~d f'or !~Iliili~ ~,~C:~Or' Ib;l\ltw~~nl aees !:!11f1.d ~Z{D09 iis '!il~iJ(pecr~Jecill to :t:H:I in Uli e r;[lI1iI!J,e' ():Ii I NIFI 1 50.1~)iOO mn,

~ The hli'Qlh (;00;[ of opelr1!l~i[ln d I!!I e ~D i:nef'l'Ldenri: ~nfr~ljltrrY!i;tll!n;J! 'liI!ld Il1l1iglh I(:!l~t Qf'~vi!!ll~k," t!i,lI1bilrnl~ '~IlJ!!!1 h,I!J5 i"!!:S,IiJI~!!t1 liiiil ~if 'wal!!.!le~ rl:iia'comingE!!n e'xpe rJ's,j\l;e fan:!'.

• Af:a,li iin II:rll.lde oil pritJes illil' reaell1l~ times. bias 1I110~ eifu]eeti lIely iralfll:dated Ii IFIIi!O II,ow aii !'f'a resfo:J! ~lh,e tlr.!l!Y'!lI'il~I~~,.. i-iiow~w'e'r', th~r~ iUHl, b~Q~, ,Ii! ,e~:IDJ;!i:~rileraIQ~e\~<!'II ;ilif] a,e fon~ ~!ln '~uu riiS~ it rr:iv<llis dlulfin!;l ~Ilme l.<list ·r'i5!l:talll due to [he ,ecoIlO<lIlili:t dowln'~I!!I,rili1l.

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~ De.Ii:J,IiIU.ll9 2!!nfi tiS l ~ V,I ii.d Indi yaa IT ailc:iiII el nHi ' !'ICU be ~ni:l_ gb,; 'the Mm :IIV 1!1i" TellJ'r Elm Iffl-"ed~

,About R!es8'tu'e:h ,&Consll!'I~:anc"

leU::1 PiPopelt\i' i!"fiewi!l:e,s is ill dN-lsion of 1:01(;1 HQlme F,i!ll!~f1~e C@mc~n'!l Umi~fffiil, a 'U(I% 5ubliidiary o~ ICICIIB:lIIn'~, ICICI PSG Jiir,o'o!iidl!!:S,lreallls~lIile solution! [0 home 5~e ,eMi, {;{lUpOrl'llfl imr~stoliS.5iPi!lCe oec~piet'!ll _f!d ~bJv~loper1 h~~lg,!Qrd::!. H:::!:O! Pn:!l,p!;l;lV fj,eMIl'1l:5 amh:lfles5e!>U'ie'en~irlE! bandwidth or ,a re'lil ~:!lil{iite dill!'! I~mm ~oncep~. 'to ~ollilcl'lJ[~ion.

Ii S iJ:~. P1I'I!1:l1 i1~. PiiUl$11l1 II IImdi ,P'~I!"lIomng tSD~i:@ PfOlQlmrrling & Dcm:nC!IIlllOfi ['Or optimum WlhiSJlItJOI1! of '$P!ii~=~

I. Site< Ail!ll.':i!I'r-lis & SlAIor

I. O,phirR1lliffil Lt'lE Use An[il!y~ii~,

Rie,slearlcl1i fl· COnSlJltBnC'f ~lRifiCl. iii :s'pei:ialir~ed ilIfiOYIP wilhi!'lll IICI'C'I PSG" (lIUer1S both r'~!l1 est~le '11:11'1i i ~OFy <line C:'DnS'Liin e If Idemo r1 tap h it ,a'm!Iii~ ySi::;, ilia,eked lillY' bothpdmlil.lY ,f! i;ieeGill'lldall'V riEir5iea,rch. Th-Il 'fQII'owlnu Chl!f~ 1!."'!11J'11!!~I"!IS; fn illrie'F the I;,,~ri:QIJ's servicii!ti arf,eted bv fUil('.

• Cit':{ ,und R'otI{lio!i'l1 lPilriol1iLisa,liolli'l illm~ IE:)!pl!I rnl8 i Ell'll Slf13ltll:!{1l1

" 1El!i:I~Q~~ud Alb:sorpl~OI'l In:: Mils

.' Co,~'lJ!l'1IIIer' Beh!l,loi'i~llIf AfI'l,!!,st5

'T~~il,1r·(lPowt h~!ll b~ftn lUt1p~n'll\ld Ib'I" WCICI P~cp!Hl¥ S@Nic'lil!~,

No pa!'l,ohhis pullill'ic Iti,of! 1m Vb~ rl~iprcH11I.!I::9d. !!!It0!'10~ ilFll! 'r~l:u,i'~v,!.d5,vs'tum 011 tr~l'!sl!'!'li1,t~d I~!'I oIH'I'f'JIOf'11lI bV iH!''i iilIIlIiEl<lIilS:· eh~E:'tr,onic" mec=IlBJlllJlcalll, Iflh@tooopying. N100f'tJiing ,oN,~herwise· wHlhOilJrl pli"~olr pel1l1li~s<~iol1l of th~ pubU:I; h(lf ~CIClli 1?n;l,~~r;lY SeJi'\fl.~e!!,.

T~l- ~'Il Cl~ of~!'!I f.i!5ilii proll!~u!5 ~Ir - I!:l ~~~evliild ~c be !:OlI'r'I,l(;'l ,Io!~ lh~ ~i~fJ or pub'! i'C,l![q Of! b U I, 'ea IiiIflct b!i:!'i:lliJl! ~Oll'tlilled. Pllea:s'E! nQ'te.Il,a'!: tI'ii'~ ~irridii'i:9!5. cone 1llJ!I,siolFtiS, ~i'iFi d recoRin men da'lll Om. ,are' base cI Ori infOlfmi3ti""'lir~<it.IiJ,er'li!d in 900d ~'!I ilJ"ho,mr b{l'~~1 prumEi fV ,gnd s:e r:lon{h!ry :~Q!.IrQ!l;!l" whoi!Oe ~'C:C I:.J ~aGy' 'I.-'If<e affi' 1m! o~ tel.ways, in ti' PO'S~UDn 1,.I!ll' gU~filriIEH!.

ICIIC~ IfIn'llpertty Se'M:ces cafll'lO't a,~ce"r~ a,n'if lTabiHly ''i!!rhiltSQI1!'\t~r 'fgr a~~]c,ii'ls. 'i.a,kenl JDased Olill any iflrlJf~'1j'u;l~j{l1l'l 'I hEl~ mi!!Y~!;,IbiSeq LH~ ntlv p~ove' ~.o,Ib!'!' I n ~Oll~ec~.

Forrl!mher ICf:!(]jJuirl:!!;l.to., P!I'I;l~I!l.~· II'!f~'1'!iI 11!lI'!!, .g~: prQPilill"lYl>e Ni~1i:5@icici hJ'~.c om

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