New Delhi, January 23, 2024.

Union Budget 2024-25 is scheduled for February 1, with general elections looming on the horizon, this budget promises to be a delicate balancing act between fiscal prudence and populist measures. Various sectors including pharma, healthcare, auto, real estate have shared their wishlist from Budget 2024.

Ahead of the presentation of interim budget, travel and tourism industry experts are hoping for a reduction in income tax levels, and standardisation of tax collected to boost the sector

“Reduced income tax levels to provide increased disposable income in the hands of the people which create a boost for travel & tourism spends," said Madhavan Menon, Executive Chairman, Thomas Cook India Ltd.

"With technological advancements happening every minute, relying just on a college education is not enough for the Indian youth. They will have to keep updating and upskilling themselves to utilise their full potential in strengthening our economy. Removal or Reduction of GST rate from upskilling programs in the upcoming Union Budget will help solve this by democratising access to quality education, fostering innovation and employability. Formalising the edtech sector and streamlining operations through regulations and policies instils confidence among stakeholders,  fostering an environment conducive to growth. These changes ultimately align with the national goal of developing a more responsive education system, equipping the workforce in this knowledge-driven economy to meet the evolving demands of the job market." Mohan Lakhamraju, Founder, Great Learning