Budget 2024: The economy as a whole will benefit from the FDI doubling to $596 billion US

Mr. Prakash Bedi, Vice President of Clarks Safari

The budget sounded optimistic and growth-oriented. The doubling of FDI to 596 billion US dollars, is an encouraging sign for the whole economy.

The main push in this interim budget is boosting tourism at the state level. The announcement of interest-free loans to the state for maintaining iconic tourist centers will witness more footfalls. We always believed that India needs more tourist spots, and monuments, to be branded and marketed. This budget addressed this need.

The government showed will towards further developing rail and air infrastructure. Opening of 517 new routes carrying 1.3 crore passengers boosted domestic travel, and seeing the surge in demand the Indian carriers have placed orders for 1000 new aircraft. The focus on tourism is back, also with the opening of Ram Mandir, spiritual tourism is back in focus. Recently members of the Karak Clan from South Korea visited the temple and paid tributes to Lord Rama. This is a positive signal, in the coming days we can witness more international tourists from South East Asia visiting India for spiritual purposes. The surge of the Indian middle class will further boost domestic tourism.