By IANS,
New Delhi : India’s growing tourism and travel industry will become the world’s second largest employer with 40,037,000 people by 2019 and get capital investment worth $94.5 billion, says a joint survey by the Associated Chamber of Commerce and Industry and Yes Bank.
The study released Wednesday said the tourism and travel sector is expected to grow at 8.8 per cent between 2011 and 2019 and would be the largest service industry in the country.
Tourism will not only transform urban India but also the rural part of the country and eventually promote agri tourism by involving thousands of farmers into it. It would act as an instrument for economic development and employment generation in backward areas, said the report.
Agri tourism will be special beneficiary of development of tourism and travel industry which will comprise agri museums, agriculture related festivals and fairs, including farmers markets. It would also provide opportunities to generate additional revenues.