Tourism Sector helps to improve Forex reserves,UDAN improves domestic connectivity

New Delhi Jan 30: Union Government has tabled the economic survey for the financial year 2017-18 on Monday.The Survey had pointed out that Tourism Sector had improved the country to increase its foreign coffers.

The Survey pointed out that "India is the third largest and the fastest growing domestic aviation market in the world in terms of the number of domestic tickets sold."

The Reports has added that "domestic passenger departures grew by 23.5 percent in 2016-17, as compared to 3.3 percent in the US and 10.7 percent in China. In a span of 10 years, from 2007-08 to 2016-17, the domestic passenger traffic rose by a compound annual growth rate of 9.89 percent."

"In 2017-18 (April - September), domestic airlines carried 57.5 million passengers, with a growth rate of 16 per cent over the corresponding previous year period. Scheduled Indian and foreign carriers carried 29.2 million passengers to and from India, and showed a growth rate of 9 per cent in 2017-18 (April - September) over the corresponding previous year period" Survey added.

Finally the survey has added that"the government's Regional connectivity scheme UDAN will give a boost to the aviation sector."