Tourism and jobs: A better future for all

Travel and tourism is a high-growth industry that has the potential to create millions of jobs and boost employment prospects. According to World Travel & Tourism Council (WTTC), travel and tourism in India supported 41 million jobs in 2017. The industry contributed to 10.4% of the global GDP in 2017 and by 2028 it is projected to support 400 million jobs globally. This means that the travel and tourism industry will contribute to 25% of the global job creation while India alone will add around 10 million jobs in the travel and tourism sector by 2028. These numbers are indicative of the fact that there is no dearth of opportunities in the travel and tourism sector. It has already outpaced other industries in terms of job creation.

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Block chain is about to revolutionize the shipping industry

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents. 

A P Moeller-Maersk A/S and other container shipping lines have teamed up with technology companies to upgrade the world’s most complex logistics network. 

To make it work, dozens of shipping lines and thousands of related businesses around the world -- including manufacturers, banks, insurers, brokers and port authorities -- will have to work out a protocol that can integrate all the new systems onto one vast platform. 

Should they succeed, documentation that takes days will eventually be done in minutes.The cost of moving goods across continents could drop dramatically, adding fresh impetus to relocate manufacturing or source materials and goods from overseas 

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