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India To Add 10 Million Travel And Tourism Jobs In A Decade

According to World Travel & Tourism Council (WTTC), travel & tourism in 2017 in India supported 41 million jobs and is expected to rise to 43 million in 2018, and a further 53 million in 2028.

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India will add around 10 million jobs in the travel and tourism sector by 2028 according to a report.

According to World Travel & Tourism Council (WTTC), travel & tourism in 2017 in India supported 41 million jobs and is expected to rise to 43 million in 2018, and a further 53 million in 2028.

India is currently the seventh largest travel and tourism economy in the world. Overall, the total contribution of the sector to the economy was Rs 15.2 trillion ($ 234 billion) in 2017 after taking direct, indirect and induced benefits are taken in to account.

WTTC’s annual research shows that travel & tourism was responsible for the creation of 7 million new jobs worldwide.

Gloria Guevara, WTTC President & CEO said, “Travel & Tourism creates jobs, drives economic growth and helps build better societies. Our research shows that our sector was responsible for the creation of one in five of all jobs globally. In the last few years, Governments around the world are realising the extraordinary benefits of tourism and I congratulate them for taking steps to maximise our sector’s potential.”

In 2017, travel and tourism’s direct, indirect and induced impact accounted for $ 8.3 trillion contribution to global GDP (10.4%), 313 million jobs, and $ 882 billion investment.

Asian countries continue to drive global tourism growth with North East Asia growing at 7.4 percent and South East Asia at 6.7 percent. China continues to lead the way at 9.8 percent. Over the next ten years over one third of absolute GDP growth and nearly half of employment growth will be generated by China and India.

Forecasts for 2018 suggest that growth will continue, albeit at a slower rate than in 2017 as a result of higher oil prices. The long-term outlook to 2028 remains unchanged, with average growth of 3.8 percent per year over the next decade. However, by 2028, Travel & Tourism is expected to support more than 400 million jobs globally, which equates to 1 in 9 of all jobs in the world; and the sector is expected to contribute around 25 percent of global net job creation over the next decade.


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