Tourism industry seeks tax cuts and fuel relief as global shocks disrupt travel
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India's tourism industry is seeking tax cuts and fuel relief due to global tensions disrupting travel demand and raising costs. The industry, which contributes 7-9% to India's GDP, is pushing for policy support to stabilize the sector.
India's tourism industry is seeking urgent policy support due to global tensions straining travel demand and raising costs. The industry, which supports over 40 million jobs, contributes 7-9% to India's GDP. Key demands include relief from rising aviation costs, tax rationalization, and infrastructure support. Aviation turbine fuel accounts for 35-45% of airline operating costs, and stakeholders are urging the government to cut state VAT on ATF to 4-5%. The industry is also seeking GST rationalization, access to industrial electricity tariffs, and temporary wage support during demand shocks. Despite near-term disruptions, the industry's outlook remains steady, driven largely by domestic demand.
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