HBI Staff | Hyderabad 
Nirmala Sitharaman, India’s finance minister, during a news conference in New Delhi, India, on Wednesday, Feb. 1, 2023. Prime Minister Narendra Modis government unveiled a pre-election India budget that cut personal income taxes to boost consumption while ramping up infrastructure spending to spur growth in an economy touted as a bright star amid a gloomy global outlook. Photographer: Prakash Singh/Bloomberg via Getty Images
The Union Budget 2024-25 has allocated INR 2,080 crore for tourism infrastructure development, marking a significant increase from the revised outlay of INR 1,294 crore in 2023-24.
The tourism sector has also received a 3.3% higher capital expenditure allocation of INR 2,479.62 crore for the financial year 2024-25, up from INR 2,400 crore in the previous Budget. The revised budget outlay for tourism stood at INR 1,692.10 crore.
“Tourism has always been a part of our civilization. Our efforts to position India as a global tourist destination will also create jobs, stimulate investment, and unlock economic opportunities for other sectors,” stated Union Finance Minister Nirmala Sitharaman while announcing the Budget.
Following the emphasis on tourism as one of the four transformative opportunities for inclusive growth during the Amrit Kaal in the Union Budget 2023-24, the government has introduced additional initiatives to support the sector.
