New Delhi, July 21: The country’s travel and tourism sector is likely to hire over 40 lakh people as the industry may attract capital investments worth USD 94.5 billion by 2019, says a study.

According to a joint study by Assocham and Yes Bank at present the industry employs less than four lakh people. In 2008-09, it attracted capital investments of USD 5.3 billion.

The sector is expected to grow at more than eight per cent per annum between 2011-19, it said. At present, it is growing at a rate of less than two per cent every year.

.Reference resource: Click Here.