Budget 2024 evokes mixed reactions from hospitality, healthcare and AI sectors
Updated On: 01 February, 2024 03:42 PM IST | Mumbai | Nascimento Pinto
The interim Budget 2024 has brought joy to stakeholders in the tourism industry with its promotion of travel, while healthcare professionals also applaud the initiatives. However, the hospitality and Artificial Intelligence sectors remain sceptical, expressing concerns about lack of clarity
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Finance Minister Nirmala Sitharaman presented the Interim Union Budget 2024 today. Image for representational purpose only. Photo Courtesy: Pixabay
India’s Union Finance Minister Nirmala Sitharaman introduced the interim Budget for 2024-25 earlier today, emphasising that the government`s top priorities are the welfare of the poor, women, youth, and farmers. Here are a few reactions from various sectors, including food and hospitality, travel and tourism, as well as health and Artificial Intelligence.
Also read: Budget Session 2024: Key highlights of interim budget
Pranav Rungta, co-founder and director of Nksha restaurant and VP of National Restaurant Association of India
Notably, significant announcements were made for the travel and tourism industry, creating opportunities that will, in turn, open doors for the restaurant sector. Finance Minister Sitharaman highlighted the establishment of a framework for rating tourist centres based on the quality of facilities and services, coupled with the provision of long-term interest-free loans to states for financing such development. This is poised to generate numerous prospects for employment and entrepreneurship in the tourism and hospitality domain.
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