Icraf projects 6-8% hospitality growth, revises outlook to stable

Growth of India's hospitality sector is expected to "normalise" at 6-8 per cent in the current financial year, rating agency Icraf said on Monday while downgrading the sectoral outlook to "stable" from positive.

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The rating agency 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