India's travel and tourism sector has received capital investments to the tune of $10.2 billion in 2004, representing 7.2 per cent of the total investment received by the country in the year.
According to the World Travel and Tourism Council, this represents the country's importance in the global tourism market.
It is projected that India will grow at 8.8 per cent, faster than China, over the next 10 years. The WTTC has recently notified India as one of the fastest growing tourist economies in the world.
"We see a huge potential for the travel business in India. We, as an airline, are looking at increasing our services to India," said James Hogan, president and chief executive, Gulf Air.
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