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Spending on Visa cards up
NEW DELHI: International Visa cardholders spent Rs. 4,100 crores in India in 2004, up 42 per cent compared with Rs. 2,890 crores in 2003. This represents 18 per cent of India's total foreign exchange earnings from tourism and indicates that one-fifth of total foreign exchange earnings from tourism in India are now delivered on Visa cards, according to Visa International's first detailed research on tourist spending in India titled `Recent trends in spending by visitors in India'.
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