Global And Indian Telecommunication Industry

Beaches, hill stations, heritage sites, wildlife and rural life, India has everything tourists are looking for. According to the World Travel & Tourism Council, in 2012 alone tourism sector garnered 6.4 trillion and the contribution of tourism industry to India’s GDP that year was 6.6 percent. The tourism industry employed 39.5 million people. The industry is supposed to grow at the rate of 7.9 percent between 2014 and 2023. Tourists, mainly from the U.S. and UK constitute the bulk of the foreign tourist inflow. And that creates some business opportunity. India ranks at number 65 in the Travel & Tourism Competitiveness Report 2013. The opportunities lie in the field of hotel industry and airlines business. Besides, India is becoming a hub for medical tourism, sports tourism and educational tourism, indicating at the availability of many untapped opportunities. E-commerce companies have enjoyed tremendous growth rate over the past few years and will continue to grow rapidly during the year 2016. National level retailers like Flipkart, Snapdeal, Jabong and Amazon are growing backed by healthy institutional and private equity investments. On the other hand, 2016 will witness the growth of many small to medium sized local or regional e-retailing businesses that provide groceries and/or FMCG products to a a smaller customer base. The focus of these firms on a small geographic area will help them be