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      Industry Scenario & Employability



      The easing of restrictions in capacity expansion for incumbents, removal of price controls and reduction in the corporate tax rate in the 1980s initiated the process of market growth in India. India Market Growth got further accelerated with the economic liberalization of 1991 which marked an end to the License Raj, thereby ending many public allowing direct foreign investment in many sectors.

      Today the leading markets of India are the - Tourism & Hospitality, Telecommunications and Communication, Manufacturing, Construction, Transport and Communication, Personal products, Health care, Education, Recreation and Vehicle.

      Travel & Tourism, one of the world's largest industries, - employ approximately 231 million people and generating over 10 per cent of world GDP, according to the World Travel & Tourism Council report in 2007. It is the largest generator of wealth and significant creator of job opportunities.

      Today the hospitality industry is much more than hotel and restaurant enterprises. It now encompasses an array of companies that specialize in airlines; cruise lines; sports arenas and entertainment /amusement centers; senior living communities; car rentals; casinos; club management; real estate development; meeting planning; consulting; corporate managed services; finance companies with ties to investment banking and the stock markets; asset management; conference/convention planning; facility design; catering; bed-and-breakfast operations; large chain restaurants; general bank management and franchise management; accounting; law; human resources and management training; information technology; travel agencies; and much more.

      In India Several global hotel chains like the Hilton, Accor, Marriott International, Berggruen Hotels, Cabana Hotels, Premier Travel Inn (PTI), InterContinental Hotels group and Hampshire among others have all announced major investment plans for the country. The Government has moved to declare hotel and tourism industry as a high priority sector with a provision for 100 per cent foreign direct investment (FDI). This has also provided a further impetus in attracting investments in this industry.

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