Reacting to the Union Budget 2026–27, Mr. Ravi Gosain, President, Indian Association of Tour Operators (IATO), said “The Union Budget’s clear focus on tourism is timely and encouraging. It rightly recognizes tourism as a major contributor to employment generation, foreign exchange earnings, and inclusive economic growth.” Mr. Gosain welcomed the emphasis on institution-building through the National Institute of Hospitality and the large-scale skilling of tourist guides, stating that these measures will strengthen professionalism and enhance India’s global tourism competitiveness. He also termed the proposed National Destination Digital Knowledge Grid as a forward-looking initiative that will help preserve India’s cultural and heritage assets while benefiting local communities and tourism stakeholders. The IATO President said the industry is particularly encouraged by the focus on eco-tourism, trekking, and wildlife trails, in line with global demand for sustainable and experience-based travel. However, he noted that while the 2% TCS on outbound spending is a positive regulatory step, the industry is disappointed by the absence of a dedicated allocation for overseas tourism promotion, which is crucial for driving inbound tourism. “It is reassuring that tourism has been acknowledged in the Finance Minister’s speech. We remain hopeful that this intent will be backed by adequate financial support in the coming period,” Mr. Gosain added.
