Indian Tourism to Get a Major Boost Post Union Budget 2024

As per the India Brand Equity Foundation (IBEF) statistics, the Tourism and Hospitality Industry in India is projected to reach about US $125 billion by Financial Year 27, and the influx of international tourists is projected to reach 30.5 million by 2028. The statistics are only a reflection of the Indian tourism sector's growth potential.  

The Finance Minister of India, while presenting Union Budget 2024 on 1st February, has announced several initiatives to give India's growth potential the fillip it needs. The initiatives are aimed at leveraging the Indian tourism industry's growth potential to generate new employment, boost revenue, and develop new infrastructure to make India more tourism-friendly for domestic and international tourists. 

Let us see how the Union Budget 2024 will boost the Indian tourism sector 

• First and foremost, while presenting the Union Budget in the parliament, the finance minister, in their speech, acknowledged that Tourism is a critical sector that holds opportunities for entrepreneurship and new jobs and has a vast potential that is yet to be tapped.  

• To meet the fund requirements for the various schemes implemented by the Ministry of Tourism, the finance minister announced an allocation of INR 2400 crores in the Union Budget 2024-25.  

• From the total amount allocated this year to the Ministry of Tourism, a significant portion of the budget, i.e., INR 1742 crores, will be used for developing tourism infrastructure and INR 242 for promotion and branding. And INR 1412 crore will be allocated to the 'Swadesh Darshan Scheme.'    

• The finance minister also announced that the Tourism Ministry would take an innovative and integrated approach to develop 50 new tourist destinations under the Swadesh Darshan Scheme to provide a wholesome tourism experience. This includes providing digital, virtual and physical connectivity and availability of tourist guides and increasing tourist security.  

• The Tourism Ministry is directed to develop a new mobile application that covers all relevant aspects of tourism.  

• All the individual states will be encouraged to set up 'Unity Malls' in prominent locations to promote the local handicrafts and other products of the state and develop local artisans and small-scale industries. 

• The Finance Ministry has allocated an additional INR 299 crore for developing tourism infrastructure and promoting tourism prospects of the northeastern states.  

Apart from the above announcements, the finance minister also made a special appeal to the Indian citizens to travel within India rather than going overseas to promote the local tourism industry. So, as general citizens of India, there is a lot to look forward to in the coming years as India prepares to become a popular tourist hotspot for tourists from all over the world.  

Get Club Mahindra Membership and Travel to Your Heart's Content 

If you are a travel enthusiast who is always on the lookout for an excuse to whisk off to a new place or you travel without any reason, the above announcements from the Union Budget 2024-25 may sound like music to your ears. So, why not prepare yourself to travel more but with style and let yourself enjoy the many luxuries you may have longed for, like staying in a premium resort, eating at high-end restaurants, getting newer experiences, and taking your entire family on holiday.  

If you are wondering how? Well, you can get yourself a Club Mahindra membership. It is a beautiful way to give yourself and your family the gift of a magical holiday for 25 years on more than 110 resorts in India and abroad. With the new tourist places being developed, you can look forward to visiting them.  

A significant benefit of getting a Club Mahindra membership is that you need not worry about the inflation rate. Once you pay the membership fees, you need not worry about the rising prices. You can stay at any of the resorts in India and abroad and enjoy all the benefits guaranteed to you as per the plan without any compromises.  

Apart from the premium stay at the Club Mahindra resorts and affiliate properties, the membership allows you to enjoy several other benefits, like indulging yourself in many new experiences designed just for you and your family. From staying in the floating cottages in Kerala and going on an adventurous safari in the jungles of Kanha to enjoying a romantic date by the beach in Goa, many new experiences await you!