The travel & tourism industry in India stands at a pivotal juncture, anticipating the revelation of the Interim Budget 2024-25. As the economic curtain ascends, the travel sector emerges as a crucial sector because of a large population whose livelihood depends on it. The stakeholders, like every budget, have high hopes, this time too.
Speaking to Fortune India on the travel industry’s expectations from the government’s Interim Budget 2024-25, Rajesh Magow, MakeMyTrip‘s co-founder & Group CEO, talked about the present condition of travel industry infrastructure and what needs to be done to boost the sector that faced huge beating after Covid pandemic in India. “Rationalising GST rates and allowing for GST credit could lead to more affordable hotel stays. Such a move by the Finance Minister (FM) would not only make accommodations more accessible to tourists but also encourage further investment in the sector and increase India’s organised hotel supply,” says Magow.
He also…
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