India tourism: the rupee effect | beyondbrics

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The sharply depreciating rupee of recent weeks has caused trouble for India in areas such as the current account deficit and inflation.

But there is one industry that should benefit from the currency’s weaker status: tourism. Shouldn’t it? Perhaps, but not in the way you might expect.

India, like many other countries with an exceptional cultural heritage, wants more tourists. K Chiranjeevi, the tourism minister, is looking to ramp up visitor numbers over the next few years, aiming to up India’s share of international tourist arrivals to 1 per cent by 2016, from around 0.64 per cent in 2012, creating around 25m jobs across the country."

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