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Published on : Thursday, May 28, 2015
The 23 million jobs directly generated by India’s Travel & Tourism sector are more than are generated by education, financial services, mining, chemicals manufacturing and auto manufacturing combined.
The Benchmarking Report 2015, a new study published by the World Travel & Tourism Council (WTTC), compared Travel & Tourism to a number of other industry sectors in India. Employment directly in the sector was found to be bigger in Travel & Tourism than many other industries combined:
According to the report, Travel & Tourism has strong linkages to other sectors through its supply chains. For every direct job in this sector, nearly one additional job is created, which is greater than in both the agriculture and education sectors.
The research also shows that for every US$1 million (INR61 million) in Travel & Tourism spending, 407 jobs are supported in India.
India’s Travel & Tourism total contribution to GDP of INR7,642 billion (US$125 billion) is larger than that of the automotive manufacturing, mining, education, and chemicals manufacturing sectors, the report reads. The sector is expected to grow at an annual average of 7% over the next ten years, outpacing the total economy growth of 5.2% per annum.
David Scowsill, President & CEO of the World Travel and Tourism Council (WTTC), said:
“This report highlights the importance of Travel & Tourism to India’s economic growth. The industry not only sustains jobs within its sector, but every job in the industry creates almost one other job elsewhere. It is therefore crucial that India keeps on investing in infrastructure and human capital to sustain the demand for talent in the Travel & Tourism sector in the country and continues its efforts on visa facilitation.”
Source:- World Travel & Tourism Council