Union Budget 2021 :  a big let-down for Tourism & Travel Industry- Trade Associations Furious

The entire Travel and Tourism industry of India was disappointed after the budget announcement on February 1, as the government has completely neglected the travel, tourism, and hospitality sectors that need an urgent boost for revival. Tourism has been one of the most severely affected industries due to the Covid-19 pandemic. Still continues to struggle as international borders remain shut and domestic travel is yet to benefit the travel companies that are running into losses. Apart from this, millions of employment loss in the Travel, Tourism, and Hospitality sectors. Many of the employees are engaged in construction and wayside food sale business to meet their daily needs. Many tours and travel companies have had to close down their business. It’s shocking that the insensitive attitude of the government to one of the worst-hit sectors of the economy.

The Centre has slashed the budgetary allocation for the Ministry of Tourism by 19% from Rs 2,500 crore in 2020-21 to Rs 2026.77 crore this year.

The industry was expecting a major push as the travel, tourism, and hospitality industry is the most severely hit due to COVID-19. Many presentations and recommendations have been submitted to the Finance Ministry by the various industry associations for the revival and survival of the tourism industry. However, the Budget 2021-22 did not concede any of the demand of the industry which has left the industry in dire straits.

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