Domestic tourism to get a boost | Image:Shutterstock/ Representational
New Delhi: Finance Minister Nirmala Sitharaman is all set to present the last budget of the Narendra Modi government 2.0 in the Parliament on February 1st. The finance minister will raise the curtain from the Interim Budget for the fiscal year 2024-2025.
No major policy changes are expected from the Interim Budget, but the travel and tourism sector is expected to remain on the Union government’s focus. Travel and tourism, one of the crucial economic drivers, contributes around 5.8% to India’s GDP and the government has aimed to reach USD 1 trillion by 2047.
Tourism sector is projected to contribute USD 250 billion to India’s GDP by 2030
Report suggests that the tourism sector is projected to contribute USD 250 billion to the country’s GDP by 2030, resulting in generation of employment for 137 million individuals. Ahead of the Interim Budget, the travel and tourism industry is expecting certain provisions for it…
