Answer the questions on the basis of the following table.
Table : Region Wise Origin of Foreign Tourists Arriving Into India
Which region witnessed the highest compound annual growth rate (CAGR) of tourists arriving into India?
Let us solve the options one by one.
Option A:
Number of foreign tourists arriving into India from Eastern Europe in 2007 = 152764
Number of foreign tourists arriving into India from Eastern Europe in 2010 = 227650
CAGR =ย $$\ \frac{227650-152764\ }{152764}\times\ \ \frac{\ 1}{3}$$ *100
= 16.34%
Option B:
Number of foreign tourists arriving into India from Central and South America in 2007 = 42319
Number of foreign tourists arriving into India from Central and South America in 2010 = 54728
CAGR = $$\ \frac{54728-42319\ }{42319}\times\ \ \frac{\ 1}{3}$$ *100
= 9.77%
Option C:
Number of foreign tourists arriving into India from West Asia in 2007 = 171661
Number of foreign tourists arriving into India from West Asia in 2010 = 235317
CAGR = $$\ \frac{235317-171661\ }{171661}\times\ \ \frac{\ 1}{3}$$ *100
= 12.36%
Option D:
Number of foreign tourists arriving into India from South East Asia in 2007 = 303475
Number of foreign tourists arriving into India from South East Asia in 2010 = 409043
CAGR = $$\ \frac{409043-303475\ }{303475}\times\ \ \frac{\ 1}{3}$$ *100
= 11.59%
A is the correct answer.
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