Bad news for Pakistan supporter Turkey as Ankara's tourism economy sinks due to…, Erdogan staring at destruction due to…
After Ankara came out in support of Pakistan during the recent India-Pakistan war, a 'Boycott Turkey' campaign was started in India as Indians boycotted Turkish goods and cancelled tourist bookings to the country.
Advertisement
(File)
Turkey, which openly supported Pakistan during the recent India-Pakistan conflict after Operation Sindoor, is now paying a heavy price of the decision, as Ankara's tourism economy has dipped by a massive 37 percent, primarily because of Indian tourists boycotting the country as a tourist destination.
Why India's boycott hit Turkish economy?
After Ankara came out in support of Pakistan during the recent India-Pakistan war, a 'Boycott Turkey' campaign was started in India as Indians boycotted Turkish goods and cancelled tourist bookings to the country, resulting in a huge decline in the number of Indian tourists visiting to Turkey.
Advertisement ===
According to media reports, the number of Indian tourists who visited Turkey in June slumped to 24,250 from the 38,307 in the same month last year, a decline of 37 percent, while the numbers also dropped significantly in the month of May, dealing a major blow to Turkey's tourism industry and its economy.
Notably, India-based travel portals such as MakeMyTrip, EaseMyTrip and Cleartrip have also stopped promoting Turkey as a tourist destination, resulting in further decline.
Advertisement ===
Following Turkey's open support to Pakistan, India took a slew of measures to downgrade ties with Eurasian country, including cancelling major business deals with Turkish firms.
How Turkey supported Pakistan during Operation Sindoor?
Turkey, along with China and Azerbaijan, was among the few countries that openly supported Pakistan during the recent India-Pakistan conflict, and also armed the Pakistani forces with advanced military drones like the Bayraktar TB2, which were actively used against Indian installations during Operation Sindoor.
Following the conflict, Turkey has boosted its strategic and military ties with Pakistan, and is likely to offer its state-of-the-art ALKA-KAPLAN laser tank to Islamabad, which could pose a major threat to India as it would significantly boost the enemy's capability to counter Indian UCAVs, such as those used to target terrorist and military infrastructure in Pakistan during Operation Sindoor
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
VP election: Uphill task for opposition in contest, bloc may field 'ideological' face
NEW DELHI: The opposition may field a strong "ideological" face as candidate in the vice-presidential election, as it looks to portray a strong contrast with the governing BJP's nominee to send out a political message across the country. Ahead of discussions on picking a candidate, it is felt that since winnability is an uphill task due to opposition's weaker numerical strength in Lok Sabha and Rajya Sabha, INDIA bloc should use the vice-president (VP) contest to send out an unambiguous signal to its core constituencies of marginalised sections, including backwards and minorities, farmers, and intellectuals and the civil society. INDIA bloc is scheduled to meet Thursday (Aug 7), where Bihar assembly election is likely to be an issue as also the special intensive revision of the state's electoral rolls. The meeting, sources said, may also initiate a preliminary discussion on the likely candidate for the VP polls. Unity on consensus candidate will be challenge for the opposition camp At the meet, Rahul Gandhi may give a presentation on Congress 's "research" on voters' lists which he has said proves beyond doubt that the rolls are being tampered with to help BJP. The VP election has come prematurely after the controversial resignation by Jagdeep Dhankhar last month following an alleged confrontation with the govt over his decision to accept the notices to remove Justices Shekhar Yadav and Yashwant Varma. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo Congress president Mallikarjun Kharge Saturday alleged that Dhankhar was biased against the opposition, but he took one independent decision and it led to his downfall, as he accused the Modi govt of pressuring constitutional authorities. The opposition has been accusing the governing BJP of attacking constitutional values, secularism, fair elections, marginalised sections, besides weakening the economy and endangering the future of the youth. Some feel that an ideal VP candidate from the opposition camp should be able to represent these issues and send out a strong message. Such a move by the opposition, insiders argue, will hammer home the ideological distinction between BJP and the opposition parties, and help rally the base as the latter looks to build upon its gains in the 2024 LS polls. However, ensuring unity with a consensus candidate will also be a challenge for the opposition camp, where many partners compete against each other and are antagonistic. In the first vice presidential election held after BJP assumed office in 2014, Congress and opposition had fielded Mahatma Gandhi's grandson and known intellectual Gopal Krishna Gandhi to take on BJP's M Venkaiah Naidu in 2017. However, when the opposition witnessed fissures in its ranks in 2022, there was a paucity of candidates and Congress was forced to field a party leader in Margaret Alva to take on BJP candidate Dhankhar.
Time of India
35 minutes ago
- Time of India
Modi, Shah call separately on President Murmu
. . . 1 2 NEW DELHI: Prime Minister Narendra Modi on Sunday called on President Droupadi Murmu amid a logjam in Parliament over the opposition's demand for a discussion on the special intensive revision exercise in Bihar ahead of assembly elections in the state. Home minister Amit Shah also called on the President separately later. The Rashtrapati Bhavan posted photos of both interactions on X. Except for discussions on Operation Sindoor, Parliament has seen little business since the monsoon session began on July 21. The meetings also came days after US President Trump announced 25% tariffs on Indian exports and an unspecified penalty over Russian purchases.
Time of India
35 minutes ago
- Time of India
Rs 95 crore: HCLTech's Vijayakumar is highest-paid Indian IT CEO
Bengaluru: HCLTech CEO C Vijayakumar has emerged as the highest-paid Indian IT CEO, crossing the $10 million mark and topping the compensation charts. US-based Vijayakumar earned Rs 94.6 crore in the 2024–25 financial year, which comprised a base pay of Rs 15.8 crore, a performance-linked bonus of Rs 13.9 crore, long-term RSUs worth Rs 56.9 crore, and a bonus of Rs 1.7 crore. Vijayakumar's peers include TCS CEO K. Krithivasan, who earned Rs26.5 crore for the 2023–24 financial year, marking a 4.6% increase from the previous year. Infosys CEO Salil Parekh received a 22% hike, taking his total compensation to Rs 80.6 crore. Wipro CEO Srinivas Pallia, who took over in April last year, earned Rs 53.6 crore; since this is his first year in the role, there is no prior comparison. According to the firm's annual report, Vijayakumar received a salary increase of 7.9% compared to the previous year. However, the average salary hike for employees excluding managerial personnel in the last financial year was 3.1%. Vijayakumar's salary was 662.5 times the median remuneration of employees in the 2024–25 financial year. The Board, on the recommendations of the NRC, has approved Vijayakumar's re-appointment as the CEO & MD of HCLTech from September 1 this year to March 31, 2030. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The annual report highlights that under Vijayakumar's leadership, HCLTech delivered strong performance from FY16 to FY25, with a revenue CAGR of 9.3%—the highest among peers; an EBIT CAGR of 8.1%, ranking second highest; and a net income CAGR of 6.9%, also the second highest in the peer group. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is this legal? Access all TV channels without a subscription! Techno Mag Learn More Undo According to the company's annual report, the Board has approved a more than 71% hike in his remuneration, raising it to $18.6 million (around Rs 154 crore) for the current financial year. "The revised compensation acknowledges C. Vijayakumar's successful and long-tenured leadership as CEO, recognizing his significant contributions to the company's growth and sustained performance over the years." Under his leadership, from FY16 to FY25, the number of $100 million clients increased from 8 to 22, $50 million clients from 19 to 52, and $20 million clients from 75 to 138. C. Vijayakumar has driven significant growth through a client-centric approach, expanding HCLTech's global footprint and strengthening service excellence. From FY16 to FY25, the number of $100 million clients increased from 8 to 22, $50 million clients from 19 to 52, and $20 million clients from 75 to 138. "This growth reflects rising client relevance and deepening strategic partnerships, marked by increasing wallet share among HCLTech's top accounts. It was enabled by a 'One HCLTech' approach, underpinned by an increasingly integrated go-to-market model offering all HCLTech services under a verticalized organizational structure that enhanced client alignment, execution agility, and responsiveness," the firm said in its annual report. HCLTech chairperson Roshni Nadar said, "Looking ahead, the demand environment is expected to remain challenging as clients continue to exercise caution due to uncertainties around global trade frameworks and geopolitical tensions. We remain focused on navigating these challenges and ensuring that HCLTech remains well-positioned to leverage the opportunities available," she said. "Technology evolution, driven by AI, is accelerating, and the IT services industry is at an inflection point. The industry will need to reinvent itself to stay relevant. HCLTech is prepared to adapt to these shifts." The percentage increase in the median remuneration of employees during the financial year was 17.6%. The company has 1,67,316 permanent employees on its rolls. In addition, there were 56,104 employees on the rolls of its subsidiaries. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
