India, Jan. 11 -- The travel and tourism industry in India is in a period of tremendous growth, with some estimates indicating that the travel market will grow at a rate of 1.5 to 1.8 times the rate of GDP growth during the same time. If GDP growth in India is projected to be around 6-8 percent annually, then the travel and tourism sector could be expected to grow at a rate of 10-12 percent each year, thereby making it one of the most compelling consumption themes for investors to follow.

Driving force behind this industry Various structural drivers are causing travel and tourism in India to be on an accelerated growth track. These include: Rising disposable incomes, improved transportation infrastructure, improved levels of (air) connec...