ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report

The tourism and hospitality sector is projected to require an additional 61.31 lakh workers to cater to increasing tourism activities by 2036-37, according to a joint report by The Confederation of Indian Industry (CII) and EY.

ANI Dec 18, 2024 15:17 IST googleads

Representative Image (Image: pexels.com)

New Delhi [India], December 18 (ANI): The country's tourism and hospitality sector is projected to require an additional 61.31 lakh workers to cater to an increasing tourism activities by 2036-37, according to a joint report by the Confederation of Indian Industry (CII) and EY.
The CII and EY in a whitepaper titled "Employment Landscape in Tourism and Hospitality in India" at the 18th Annual CII Tourism Summit provides a forward-looking analysis of employment trends in one of India's most dynamic sectors and highlights its critical role in driving economic growth and job creation.

"By 2036-37, spending in this sector is projected to rise by 1.2 times, driving the need for an additional 61 lakh workers--comprising 46 lakh males and 15 lakh females. This highlights the sector's pivotal role in gender inclusion and workforce expansion," the report added.
Tourism and hospitality currently contribute to about 8 per cent of India's total employment.
Despite setbacks from the COVID-19 pandemic, the sector is witnessing a strong resurgence, fueled by domestic tourism.
The report adds that India's tourism industry is a vital engine of economic growth, contributing significantly to employment and GDP of the country. As one of the largest contributors to foreign exchange earnings and employment, the industry's development is essential for achieving broader economic objectives, it added.
India's rank on the World Economic Forum's Travel & Tourism Development Index 2024 has risen to 39th position as compared to 54th position in 2021.
In 2023, the sector's direct contribution to India's GDP surpassed USD 231 billion, making India the second-highest tourism GDP contributor in the Asia-Pacific region, the report mentioned. To meet this rising demand, the CII-EY report emphasises the need for specialised skills in digital marketing, sustainable tourism, and customer service.
The report recommends developing gamified Learning Management Systems (LMS) for continuous professional development. It recommends collaboration with industry associations to create clear career advancement pathways.
It also added that establishing a dedicated taskforce under the Ministry of Tourism to standardise skills and education.
The whitepaper also underscores the importance of incentivising workforce participation, particularly among women, while harnessing opportunities like medical tourism.
It advocates for the creation of a central tourism and hospitality body to streamline governance, address fragmented infrastructure, and enhance operational efficiency.
The CII EY whitepaper calls for a collective approach involving the government, private sector, and academic institutions to unlock this sector's vast opportunities. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

With India’s Fasteners Market Projected at USD 17 Billion by 2034

With India’s Fasteners Market Projected at USD 17 Billion by 2034

New Delhi [India], March 12: The Indian fasteners market continues to demonstrate strong momentum, having reached USD 11.2 billion in 2025 and is projected by the IMARC Group to surge to USD 17.0 billion by 2034, reflecting a robust CAGR of 4.67% during 2026-2034. This dynamic growth is fueled by the expansion of the automotive, construction, and industrial sectors, as well as increasing demand for high-performance, lightweight fasteners, and strategic government initiatives such as "Make in India." In this thriving context and to boost domestic manufacturing, Messe Stuttgart India has launched FASTNEX 2027 with its highly anticipated Signature Edition, set to take place from 8th to 10th February 2027 at the Bombay Exhibition Centre, Mumbai. The event stands as a crucial platform for industry professionals to showcase innovative products, access market intelligence, foster collaborations, and expand their business networks, ultimately contributing to the overall advancement of India's manufacturing sector.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.