Skift Take
Many of the demands from the travel industry echo sentiments from previous years. Will 2024 finally be the year the government takes action and makes changes that match the industry’s evolving needs?
— Peden Doma Bhutia
In the fiscal year 2023-24 budget, the Indian government showed its recognition of the immense potential of the travel and tourism sector by allocating INR 24 billion ($290 million).
The tourism sector is expected to contribute approximately 7% to India’s economy, reaching INR 37 trillion ($450 billion) and employing 58 million individuals by 2033, according to the World Travel and Tourism Council (WTTC).
The interim Union Budget for 2024-25 is scheduled for February 1. Here’s what the tourism industry is watching for:
The Visa Power: A key demand on the wishlist is the implementation of visa-free arrival for travelers from India’s top source markets.
