Commonwealth Games 2010(CWG) are likely to push India’s Foreign Exchange Earnings (FEE) through tourism alone in 2010 to an estimated level of over USD 16915 million, as these are expected to grow at cumulative rate of 20 per cent in next two years, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Through tourism last year, FEE’s were measured at USD 11747 million. According to a report in India Infoline News Service, the optimism as to why tourism will register a cumulative growth of 20 per cent in next two years is based on the fact that, by then global meltdown will have subsided to make India a leading tourist destination, especially due to the fact the focus its policy makers are attaching on hospitality sector.
| NIFTY 
