With nearly ten thousand global visitors thronging the corridors of the Deccan city, Tourism is sure to thrive and hotels are sure to have a 'no room' sign. Many global visitors do come in to the country at a random pace, but this time nearly 194 countries are to be represented in the ongoing Convention on Biological Diversity (CBD) (October 01-19), at Hyderabad. The city derives the title as the bio-Diversity capital of the nation.
Earlier many artists and sculptors had their share of revenue when the city's municipal Corporation planned to decorate the city to welcome the international dignitaries. Then the airways are filled with bookings in and out during this three week carnival. Then the tourist cabs, thirdly the hoteliers and lastly the food industry. With so many people being benefited by this summit, it is sure to bring back the smile on the economy too.
Because all these benefits are Dollar benefits and that in turn lets the coffers swelling with Dollar reserves. This could be a remote churner to the economy wheel which is moving towards progress, after the announcement of FDI in Retail couple of weeks back. Experts say that dollar rate might comedown further after touching the highest limit of Rs 57.15 in June this year it is slowly sliding down and has reached Rs 52.82 today. And this will further slide down to Rs 50, say economists.
Well what does that mean to us, all international goods to cost less. That means fuel price might come down as well. And of course there shall be a direct effect on the yellow metal as well.
As for the tourism industry the second important thing is that with this visit, our hospitality is sure to amuse the global visitor who should have already been bewitched by our serene picturesque locations. This means shortly they might comeback to have more with their families. That simply means more business and in turn more dollars. And it is also possible that many travelers would like to take a break in between hectic days or after the mammoth convention to have a stroll of the country that had impressed them much. All this and more to have a direct say on the economy... (With inputs from internet-AW AarKay)
