Key stakeholders of the country’s travel and tourism industry on Thursday put forward a proposal to the government that included a bunch of measures required to revive the beleaguered sector.
Tourism industry seeks reduction in GST rate, tax benefits to revive sector
According to them, the Covid-19 pandemic has wreaked havoc on the travel, tourism and hospitality industry, resulting in a loss of Rs 15 trillion and putting up to 40 million jobs at risk
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According to Nakul Anand, Indian tourism, along with associated sectors, accounts for 9-10 per cent of the country’s GDP and will have to grow to $ 500 billion for India to achieve its stated target of $5 trillion GDP.
First Published: Oct 8 2020 | 6:47 PM IST
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