"Right now, IT services (industry) is about USD 150 billion, mostly export-oriented and tourism is USD 120 billion, growing at 7.50 per cent," Jagdish N Sheth, Professor of Marketing at Emory University, USA, told PTI.
"As IT services industry begins to be highly competitive globally and as we move more toward the cloud and mobile platform...Where we don't have the talent. We have the enterprise, we think that the growth of the Indian IT services will not be as great as it used to be 20 years ago," he said.
"I think, with proper intervention, if one can scale it like IT services industry did. It began as a small enterprises, suddenly they became scale-oriented and could recruit 40-50,000 graduates every year. I think if tourism can do the same thing...Tourism can learn enormously from IT services industry," he said.
Making payment system online as much as possible for the convenience of tourists would be important to make it hassle-free for the tourists, Sheth said.
"As soon as you land, you go to the exchange place. It is very problematic. You have the currency. When you are exiting, you don't know what to do," he further said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
