NSE Indices, a subsidiary of the National Stock Exchange (NSE), launched a new thematic index – the Nifty India Tourism Index.
This index will track the performance of companies from the Nifty 500 that are directly linked to the travel and tourism industry. The launch comes amidst the Indian government’s continued efforts to promote India as a leading destination for international tourism. Travel and tourism are two of the largest industries in India, with a total contribution of about $199.6 billion to the countrys GDP (Source: IBEF).
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“The Nifty India Tourism Index aligns with NSE’s vision to provide innovative indices in line with market trends,” said Mukesh Agarwal, CEO, NSE Indices. This…