Investors are showing major interest in India as the country's Bharatiya Janata Party (BJP) put forth a manifesto identifying tourism as a sector that has the potential to attract major foreign exchange and create jobs.
According to the Economic Times, India has the lowest tourist inflow among the emerging countries, but this can all change if the BJP's PM-designat Narendra Modi puts his plan in motion. In the last four years, after launching the Gujarat tourism campaign, tourist inflow in the state has grown at 17 percent every year.
"Curiously, hotel stocks - Indian Hotels, EIH and Leela Ventures - have already started to see some investor interest," writes the Economic Times. "And even though the markets closed flat on Tuesday, all these hotel stocks were up 6-10 percent."