Rocket In Pocket: Insight to the industry of Travel & Recharge in India
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Telecom Industry

The telecom industry in India is growing at breakneck speed, and the majority of the growth is contributed by the wireless or mobile segment. TRAI estimated India’s tele-density to be 41.08 with the total telephone subscriber base reported to be 479.04 million. The mobile penetration in the country is close to 72%, and close to 95% of mobile subscribers use prepaid recharge plans . Overall mobile recharge market (offline) is about 100,000 crores annually. Only 5% of this is happening online. An interesting fact is that India has around 916 million cell phone connections, but only 312 million subscribers. This basically means that on average, each user has around 3 SIM cards. This is because most subscribers in India tend to switch prepaid SIM cards connections based on the newest and most economical prepaid plans. Talking of DTH, though the number of players in this sector are few, they are also reportedly expanding at 35-40%. India’s TV viewership is believed to be the second highest in the world. So, this space also remains mostly untapped and could offer a big opportunity to recharge players by 2020.

Travel Industry

The travel, tourism and hospitality industry today is a very dynamic and booming work sphere with great scope for the use of creativity, imagination and orientation on a global level. The tourism industry in India is one of the largest and most profitable industries in the country and contributes substantially to the foreign exchange earned.

In 2008, four million tourists visited India and spent US$8.9 billion, thus making India one of the global and most visited tourist destinations. The increase in tourism in India has created many jobs in a variety of related sectors, both directly and indirectly. An approximate 20 million people now work in India’s tourism industry. Indian Tourism is thriving, owing to a huge surge in both business and leisure travel by foreign and domestic tourists and is expected to generate approximately US$ 275.5 billion by 2018.

A report published by the Travel and Tourism Council (WTTC) says that the year 2020, tourism in India could add another Rs. 8,50,000 crores to the GDP. India has still not realized its full potential from tourism. The travel and tourism industry holds tremendous potential for India’s economy. It can provide impetus to other industries and create millions of new jobs.

With the increasing globalization and opening up of the Indian economy to the world, travel and tourism in India is getting a great impetus. Technology, coupled with the growth of tourism globally, has had a large impact on transforming these jobs significantly.

This forecasts a bright future for all those who choose to make a career in the fields of Travel & Tourism and Hospitality.

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