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.
“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.”