Today, Finance Minister Nirmala Sitharaman announced the paperless Union Budget for the financial year 2022-23 in Parliament.
The budget is focused toward growth, but it will also include measures to improve India’s current transportation system.

Aloke Bajpai, Group CEO & Co-founder, ixigo commented on tourism and hospitality:

“International travel is likely to recover soon despite the progress being slowed by the current variant. The introduction of innovative initiatives like e-passports will boost security and will enhance the convenience of international travelers by cutting down long queues at immigration counters. This will help support a faster revival of international travel in a pandemic-driven environment. Extension of ECLGS will also provide additional support to the hospitality industry which has borne the maximum brunt of the pandemic. The current budget’s focus on modernizing infrastructure and expansion of highways under PM Gati Shakti will give impetus to intercity mobility by connecting major economic hubs and saving travel time for people.”

On startups, up-skilling & ease of doing business 2.0, Aloke Bajpa said:

“India’s startup hub is growing rapidly and is currently the third-largest startup ecosystem in the world. Extension of tax incentives of startups will provide additional support to the industry and will help them recover from the losses and hardships faced during the pandemic months. Ease of doing business 2.0 will empower upcoming entrepreneurs, foster local entrepreneurship significantly and give rise to a new generation of founders. Digital learning and upskilling policies announced will address the industry-academia widening gap and nurture entrepreneurship at the grassroots level.”

Rajnish Kumar, Group CPTO & Co-founder, ixigo said:

“New-gen Vande Bharat trains will usher in a new era for Indian railways. Better efficiency and passenger experience will help boost tourism growth. This can help railways become more competitive and attract budget travelers currently opting for low-cost airlines or road travel by providing cost-competitive, faster and premium services.”


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