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Reviving India's Tourism Industry: 2023 Budget by FM Nirmala Sitharaman
The Union Budget 2023 presented by Finance Minister Nirmala Sitharaman has put a special emphasis on the tourism sector. The government has announced plans to develop 50 tourist destinations as a whole package for domestic and international tourists, and also to establish unity malls to promote and sell one district, one product. Along with the integration of government initiatives and public-private partnerships, the government also intends to promote tourism on a mission basis with the states' active involvement. The budget has been welcomed by the tourism industry as a much-needed relief for the battered sector. In addition to the initiatives for promoting domestic tourism, the government’s special focus on the north-east will pave the way for economic growth and sustainable development. With enormous prospects in the Brahmaputra basin and budget pushes for wetlands, this could be a way to make conservation profitable in the region. Along with conservation objectives in the area, there are chances to generate income for rural populations. To make sure that tourist entry does not wreak havoc on delicate ecosystems, the north-eastern nations must implement regulations akin to those in effect in neighboring Bhutan. Overall, the Union Budget 2023 provides a much-needed boost to the tourism sector, with the potential to bring in economic and environmental benefits.
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