Budget 2024 LIVE updates: By 2030, tourism to generate 13.7 crore jobs, says IBEF report

As per an IBEF report, tourism is projected to contribute $250 billion to the GDP by 2030, generating employment for 137 million (13.7 crore).

Accordingly, the sector expects announcements with regars to the following in the upcoming budget: streamlining TCS, removal of TDS, tax reduction, GST input credit, infrastructural focus, and inbound tourism.