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Budget 2024: Sitharaman's push towards making India a tourism hub; gives special mention to Lakshadweep

By Economic Times - 10 months ago
Finance Minister Nirmala Sitharaman announced plans to make India a global tourism hub, focusing on developing iconic tourist centers and spiritual tourist spots. Emphasis will be placed on port connectivity, tourism infrastructure, and amenities, particularly in Lakshadweep. The government will provide interest-free loans to states for development. The travel and tourism sector contributed 15.7 lakh crore to India's economy in 2022 and is expected to create jobs for 137 million people and add $250 billion to the GDP by 2030.

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