“We congratulate the honorable Finance Minister on a job well done in delivering the pro-development and growth Budget for 2023-24. The projection of 7% economic growth for next financial year is a welcome sign for the future of the Indian economy. despite the slowdown has been a source of national pride. We are pleased that the travel industry has taken center stage and the National Tourism Policy will enable the tourism sector to significantly contribute towards the government’s mission to target an overall GDP contribution of USD 20 trillion by 2047.
The government has recommended industry friendly actions to help and promote the Indian travel and tourism industry.
- The flagship scheme, Dekho Apna Desh, focuses on domestic tourism/travel. The scheme is intended to offer financial help to tourists traveling to different parts of India and for which the government has set aside a substantial budget for the implementation of this scheme.
- The new outlay in the infrastructure sector will tremendously contribute to the development of the country. Announcing the 100 new projects for last mile connectivity will help IntrCity to focus on penetrating deep into Indian states.
- Government’s focus on increasing capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, will give an impetus to higher spending on highways and infrastructure among others, thereby accelerating the growth of the mobility sector.
- We also welcome “Green Growth” through the National Green Hydrogen Mission, which has an allocation of Rs 19,700 crore and this will help the country meet clean energy targets and reduce the carbon intensity of the Indian economy.
Last but not the least, by building stronger, more sustainable and resilient tourism industries, will accelerate Indian economic growth, as the country is heading to a bright future.”