Albeit interim, the Union Budget of India offers significant opportunity as a growth accelerator for the travel & tourism sector - a valuable contributor to the country’s GDP and a powerful employment engine. With just a few days to go, Indian tourism industry expects a multi-pronged approach from the government to stimulate its growth. Madhavan Menon, Executive Chairman, Thomas Cook India Ltd. said, "The Travel & Tourism sector represents a vital economic driver: With a 5.8% contribution to India’s GDP (2022) and the government’s target of achieving $1 trillion by 2047, the sector forms a strong force multiplier - across allied sectors, employment generation and foreign exchange receipts. Our expectations from the Union Budget include key pivots to transform India into a des...
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