Tag Archives: Budget 2025-26

Expressing his happiness over the Budget 2025-2026, KB Kachru, President, HAI, said, “Budget is progressive, especially with its focus on tourism and job creation. The government’s commitment to developing 50 new destinations, improving infrastructure, and leveraging Public-Private Partnerships (PPP) is promising. This year’s budget very well highlights the importance of promoting Buddhist tourism with neighbouring countries and simplifying visa processes to enhance international travel. With India’s world-class hospitals, we have great potential in medical tourism, but there is a need to collaborate with the medical fraternity to attract international visitors. The introduction of Mudra loans for homestays will support startups and entrepreneurs in expanding homestay offerings, further boosting tourism. Overall, the initiatives taken by the government in this year’s budget are the steps in the right direction for the industry.”

Outlining its expectations from the Budget 2025-26, FHRAI urges the government to introduce reforms that will address the critical challenges faced by the hospitality and tourism sector. It believes these reforms will increase investment, create employment, and support overall economic growth in the industry. FHRAI’s primary recommendation is to grant infrastructure status to hotel and convention center projects with costs starting from ₹10 crore.