New Delhi: The country’s travel and tourism sector is likely to hire over 40 lakh people as the industry may attract capital investments worth $94.5 billion by 2019, says a study.
According to a joint study by Assocham and Yes Bank at present the industry employs less than four lakh people. In 2008-09, it attracted capital investments of $5.3 billion.
The sector is expected to grow at more than 8 percent per annum between 2011-19, it said. At present, it is growing at a rate of less than 2 percent every year.
It said, the travel and tourism would finally transform not only the urban India, but also rural parts of the country.