This is a classic product and it was expected that it will attract market interest. This product too did not survive beyond its infancy. After a lull, a cash settled single bond futures contract was introduced in January 2014 and has been trading with reasonable liquidity. It is proposed to expand such contracts to other tenors.
This record number in 2014 represented 4.7% growth compared to 2013, and 2014 was the fifth consecutive year of higher than average growth since the global financial crisis. Tourism has become a major driver of socioeconomic progress for developed, emerging, and developing economies as it generates foreign exchange income, creates jobs and business opportunities for enterprises, and encourages the development of infrastructure.