FAITH submits its pre-budget recommendations for the Indian Tourism, Travel & Hospitality Industry
FAITH the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India (ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI) & cause partner AIRDA has submitted its pre-budget recommendations to the Union Budget FY 21 -22 for the Tourism, Travel & Hospitality Industry of India.
The core vision laid our by FAITH is that of Tourism - Made in India. As per their vision, India should aim to become one of the most preferred Tourism destinations both for domestic and international tourists offering best in class tourism experiences, infrastructure & services and to enable Indian tourism entrepreneurs to create value for all their stakeholders.
As per the World Economic Forum, tourism 2019 competitiveness study, India was ranked at 34th among 140 countries. This ranking is up from 2013 when Indian tourism was ranked at 68th. The goal is to move India into the Top 20 rank in global tourism competitiveness in 5 years post COVID-19 normal.
In line with this vision, FAITH has proposed the following Budgetary themes for Indian Tourism for Union Budget FY 21 - 22:
One India, One Tourism
Export competitiveness
Domestic leadership
Capital Formation
Removing inefficiencies