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Tourism industry welcomes measures announced in interim budget, hopes for other industry demands to be met going forward

By Economic Times - 5 months ago
The interim budget includes measures to boost domestic tourism, such as long-term interest-free loans for developing iconic tourist centres and a reduction in GST for hotels and restaurants. The finance minister also emphasized the importance of enhancing overseas marketing budgets to attract foreign tourists. Additionally, the budget focuses on improving tourism infrastructure on islands, including port connectivity and airport development. The allocation for the tourism ministry has increased, but expenditure on promotion and publicity has been reduced. Industry executives believe that these measures will have a positive impact on the growth of the tourism sector.

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