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.
