Interim Budget Reaction: Sky One

1 Feb 2024 , 02:28 PM

‘Budget 2024 paints an optimistic picture for India’s aviation and tourism sectors. The significant increase in the number of airports to 149 over the last decade and the targeted expansion of existing airports highlights the government’s dedication to fostering growth in aviation. With orders for over 1,000 new aircraft, conducive policies for leasing the sector are ready to address the demand. 

Furthermore, the government’s attention to tourism projects in islands, including Lakshadweep, opens up exciting possibilities for both sectors. There’s substantial potential in promoting tourism, especially spiritual tourism, and encouraging states to develop iconic tourist spots and launch new airlines on those routes is a welcome start.

The escalating aspirations of the middle class to travel and explore align with the broader vision for the industry.’