The Travel Agents Association of India (TAAI) has urged the government to undertake its suggestions for good governance and Ease of Doing Business for the travel trade.
Travel & tourism contributes to nearly 10% of GDP. Indian trade contributes to over INR 2 lakh crore of foreign exchange earnings through tourism. This is expected to accelerate at least by 15% in the next 2 years. TAAI expects that the Finance Ministry (FM) outlays plans to enhance and boost travel and tourism by ensuring adequate support in Ease of Doing Business.
Jyoti Mayal, President TAAI, said that Budget 2021 should be focused more on spending to enable economic growth. “What better area to spend in than tourism to generate more cash flow and earnings to…