Since the banks are required to approach the RBI only after obtaining the approval of their respective Boards for their annual branch expansion plan, it is possible that the preparatory time required for filing their annual plan with the RBI might be a little longer.
The tourism satellite accounting approach which measures the indirect contribution of the sector to output and which puts this at 52%, is and interesting statistic. Statisticians have always known that tourism’s overall contribution to GDP is much greater than 15-16% of GDP, when indirect effects are taken into account, but the double counting that results has hindered that approach.