Travel and Tourism

India's travel and tourism is poised for continued growth according to a leading international chamber of travel and tourism operators. "India Travel and Tourism is expected to generate approximately Rs 4 trillion ($100 billion) in 2008, rising to Rs 15 trillion ($275.5 billion) by 2018 over the next ten years," says the latest Tourism Satellite Accounting (TSA) research released by the World Travel and Tourism Council (WTTC) and its strategic partner Accenture. The TSA results reveal strong performance for travel and tourism demand in India in 2008, growing at 7.3 per cent. The long-term forecasts point to a continued solid phase of growth between 2009 and 2018, averaging at 9.4 per cent per annum. The reports also says that while travel and tourism is expected to contribute 6.1 per cent to India's national GDP, with no increase in the coming decade, the anticipated growth will create 30.5 million jobs in 2008, 6.4 per cent of total employment, rising to 40 million jobs, 7.2 per cent of total employment by 2018.