Union Budget 2023: All Tourism Related Updates You Need To Know

by Shreya Ghosh
Union Budget 2023: All Tourism Related Updates You Need To Know

The travel and tourism sector all around the world witnessed an extremely hard phase after the world was hit by the COVID-19 pandemic. All the travel desires and trips took a halt for quite some time but right now in 2023, the industry is only flourishing and improving. With the enhancement of the travel and tourism industry, the country’s economy is improving too as the overall economy of the country is also dependent on its travel industry. But this is not enough! There are many challenges on the way and it has been focused on the Union Budget 2023.

Nirmala Sitharaman Talks About The Potential Of Indian Tourism In The Union Budget 2023

Union Budget
Picture credit- Wikimedia Commons

In the ongoing Union Budget 2023, Finance Minister Nirmala Sitharaman emphasised the possibilities of the travel and tourism sector of India. India is home to so many stunning tourist attractions that are amazing travel experiences for both domestic tourists as well as overseas visitors. There is a massive potential that needs to be focused on in this industry. Also, India’s travel and tourism industry provide great chances for employment opportunities and even entrepreneurship goals, especially for the young generation of the country.

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More and more travel experiences and tourist footfall will only boost the economy and create more job requirements. With more visitors, the demand for different kinds of facilities and services will increase too, leading to greater work opportunities and job necessities.

What Are The Major Travel Highlights Of This Year’s Budget?

  • The government will work on the concept of “Unity Mall” which will lead all the Indian states to focus on the major tourist attractions and destinations to explore. This will help in the promotion and spike of the tourism sector of all the states.
  • Also, this will focus on marketing and promoting the “One District, One Product Scheme” which will focus on promoting the business of GI products and local unique handicraft pieces of all the states.
  • New initiatives will be launched to work on enhancing the travel sector even at remote destinations such as the border villages of the country.
  • For better air connectivity and to build a strong domestic air network, there are plans to develop 50 domestic airports, helipads, water aerodromes, and advanced landing grounds.

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In the Union Budget, the finance minister talked about the selection of 50 tourist places using a challenge mode and how these destinations will be curated into a travel package to cater to both domestic tourists and international visitors.

Nirmala Sitharaman also shared how there are plans to promote the country’s tourism using a mission mode. This mode will work with the Indian states participating, the convergence of many government programs, and public-private partnerships as well.  

Tourism Promotion In India Will Be Worked On A Huge Scale

Nirmala Sitharaman talked about the plans for promoting this industry in her speech on the Union Budget 2023. She said, “Going forward, the tourism promotion in India will be taken up on a large scale, involving active participation from states, Sustainable practices, and encouraging more PPP engagements”.

More Focus On The Indian Railways

In the Union Budget, the total capital for the Indian Railways saw a major rise to 2.40 lakh crore. The finance minister shared that this is 9 times more than the capital provided back in 2013-14. According to the budget, there are plans to change the existing railway tracks for better speed and start more Vande Bharat trains.

Cover Image Courtesy: Wikimedia Commons