Aviation, hospitality to create most jobs in next 2 years

New Delhi: Aviation and hospitality sectors are set to emerge as top job creators over the next two years, as Indians increasingly take to air travel and the capital city braces to host the 2010 Commonwealth games.
Experts say the recent surge in investment in the aviation and hospitality business could eventually create as many, or more, jobs than did the information technology sector on the back on a boom in outsourcing. “In the next two years, aviation and hospitality are expected to assume the role of the top job creating industries, leaving the IT sector behind,” said Rajesh AR, Vice President of India’s leading temporary staffing company TeamLease Services.
According to industry estimates, more than five lakh new jobs may be created over the next years as airlines expand fleet and the country adds new airports, hotels and restaurants to cater to a spurt in tourism.
“According to our study, more than 4.3 lakh jobs are planned in 2008,” said E Balaji, CEO, Ma Foi Management Consultants Limited.
The aviation sector, growing at about 25 per cent per annum, is also expected to create jobs on the fly. Over the next two years, airlines are expected to add at least 130 new planes to the existing fleet of 270. This, in turn, would call for more pilots, cabin crew, ground staff and all such service providers associated with the industry.
Teamlease’s Rajesh predicts the airline industry will add at least 2.5 lakh people in the next two years.
19/05/08 HT Media/MSN.com