New Delhi, Nov. 28 -- Tourism in India is set to grow at over 20 per cent Compound Annual Growth Rate (CAGR), Union Minister Gajendra Singh Shekhawat optimistically said on Friday, as he highlighted the country's growing economy, overall infrastructure, and rising middle-class population.
Speaking to reporters on the sidelines of the FICCI's 98th AGM here in the national capital, the Union Minister said, "I am sure that tourism in India is going to grow by more than 20 per cent CAGR annually."
"With growing economy, Indian middle class' size increased, which subsequently leveraged the tourism sector. Exempting income tax up to Rs 12 lakh for individuals also supported tourism," the Minister added.
He also congratulated the people of Ah...
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