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THE 2020 INDIAN BUDGET

 India’s tourism industry has lauded the proposed Budget allocation of ₹2,500 crores for the financial year 2020-21. Just last year India’s rankings moved up from  65 in 2014 to 34 in 2019 on Travel & Tourism Competitive Index of the World Economic Forum. However, some are hopeful, others are not.

Roop Pratap Choudhary
Managing Director, Noor Mahal, Karnal, Haryana
3 February 2020
    

“The development of more than 100 airports in India till the year 2025 will allow the new and offbeat destinations to emerge and grow at a faster rate. Announcing Rakhigarhi, Haryana amongst the five archaeological sites with on-site museums would also put the state of Haryana on the map of international travellers. Although a more liberal and reasonable investment and loan framework was expected from this budget, we do expect a more flexible and tolerant financial environment for smaller hospitality players to explore more growth avenues in the future.”

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