The sixth Budget speech by Nirmala Sitharaman, an Interim one due to the ensuing General Elections, saw the Finance Minister being upbeat about the growing income of the rising middle class, and the brighter prospects of India’s growth story. For travel & tourism, she laid emphasis on developing iconic tourist centres, and branding and marketing them on a global scale. In order to reach this target, she announced long-term interest-free loans to state to finance such development, including in the islands of Lakshadweep.
Moreover, Sitharaman said that a framework will be created for rating of the tourist centres based on quality of facilities and services to be established.
Budget Highlights
Railways
- Port connectivity corridors
- High traffic density corridors
- 40,000 normal rail bogies to be converted to Vande Bharat standards.
Tourism Sector
• States to be encouraged to take up comprehensive development of iconic tourist centres including their branding and…
