Union Budget 2025-26 for India’s Tourism Sector

The Union Minister of Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament, allocating INR 2,541.06 crore toward the tourism sector. This budget aims to enhance tourist infrastructure and develop 50 new destinations, promoting sustainable growth in the tourism sector.

Key Insights from Industry Leaders

• Rajesh Magow, Co-founder & Group CEO of MakeMyTrip, stated:
  “The announcements reflect a clear intent to harness the potential of the travel and tourism sector by prioritizing infrastructure and expanding its reach.”

• JB Singh, President & CEO of InterGlobe Hotels, added:
  “The budget demonstrates a visionary approach to India’s hospitality and tourism sector.”

• K.B. Kachru, Chairman of Radisson Hotel Group South Asia, highlighted:
  “This budget emphasizes tourism and job creation.”

• Aditya Pande, Group CEO of InterGlobe Enterprises, remarked:
  “This budget outlines a compelling roadmap for a Viksit Bharat.”

• Karan Agarwal, Director of Cox & Kings, emphasized the importance of structured public-private collaborations in tourism.

• Krishna Rathi, Senior Country Director at Agoda, reinforced optimism about India’s potential as a top travel destination through enhanced destination marketing and infrastructure.

• Shikhar Aggarwal, JMD of BLS International, noted that the strategic reforms will reinforce India’s appeal for global travelers.

• Kush Kapoor, CEO of Roseate Hotels & Resorts, stressed the significance of tax relief for boosting spending on tourism.

• Sarbendra Sarkar, Founder & MD of Cygnett Hotels and Resorts, called the budget a welcome move to elevate the hospitality sector.

The proposed initiatives are designed to create a solid foundation for long-term growth in India’s tourism landscape.