Budget 2025 to Fuel Growth and Global Competitiveness India’s $125 Billion Tourism Market – Yogesh Mudras, Managing Director of Informa Markets in India 

The Voice of Chandigarh | Travel Trade Reporter :

“As Budget 2025 approaches, the travel and tourism sector remains optimistic about initiatives to accelerate growth and recovery, given its critical role in India’s economy. Contributing 7% to the GDP and supporting over 39 million jobs, the sector is poised to drive substantial economic growth. With India projected to reach a $125 billion tourism market by FY27, targeted measures are essential to unlock its full potential. Infrastructure development, including investments in airports, roads, railways, and public transportation networks, is vital to improving connectivity and accessibility for both domestic and international travellers. Simplifying GST for the hospitality and aviation sectors, extending financial support to MSMEs—the backbone of the industry—and streamlining visa processes to attract digital nomads can further bolster growth. Introducing incentives for smart tourism and encouraging the adoption of technologies such as AI, blockchain, and IoT will enhance traveller experiences and operational efficiency. Sustainability must also take center stage. Dedicated funds for eco-friendly infrastructure, waste management, and community-led tourism initiatives can foster a more sustainable travel ecosystem. Mahakumbh 2025 in Prayagraj presents a unique opportunity to showcase India’s tourism potential.

With a proposed budget of ₹6,990 crore, Mahakumbh is projected to generate approximately ₹25,000 crore in revenue and attract an estimated 400 million visitors. The event is expected to boost local trade, tourism, and employment, with accommodation and tourism sectors benefiting significantly, potentially generating ₹40,000 crore. By capitalsing on such events and sustained infrastructure investments, India can strengthen its position as a global travel leader. With domestic tourism driving 14.8% revenue growth and the opportunity to position India as a $4 trillion tourism economy by 2047, Budget 2025 is a pivotal moment to chart a course toward a thriving, sustainable, and globally competitive travel and tourism industry.”