BLS International Calls for Policy Push to Boost Travel Spending

Shikhar Aggarwal, Joint Managing Director, BLS International for your editorial consideration.

“India’s travel and tourism ecosystem has benefited significantly from the Government’s progressive policy outlook towards global mobility and ease of travel. We hope the government maintains this positive outlook.In addition, continued policy support through the upcoming Union Budget – particularly through certain measures to increase the disposable income, as well as targeted travel incentives – would encourage people to spend more on both domestic and international travel, boosting the overall tourism industry. Furthermore, a review of the current foreign exchange limits and taxes on forex transactions would further support this momentum by easing cash-flow pressures for travellers and service providers. Together, such measures can unlock long-term economic value and contribute meaningfully to the vision of a Viksit Bharat.” – Shikhar Aggarwal, Joint Managing Director, BLS International

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