Hospitality sector in India to grow at 6-8% in current financial year; FTAs to stay low: ICRA

Growth of India’s hospitality sector is expected to normalise at 6-8 per cent in the current financial year, said ICRA while downgrading the sectoral outlook to stable from positive. It also stated that Foreign Tourist Arrivals (FTAs) to India are expected to remain muted in the next few months in the aftermath of the terror attack at Pahalgam in Jammu and Kashmir.