Stocks such as Yatra Online, Easy Trip Planners (Ease My Trip), EIH, Thomas Cook, Praveg gained up to 4 percent after Budget 2024 announcements.
In the Union Budget of 2024-25, Sitharaman announced that the government will launch a scheme to provide internship opportunities to 1 crore youth in 500 top companies over five years.
In the budget, the FM announced a key focus on spurring employment, a key pain point of the lower- and middle-class.
In this first full budget of the third term of the Narendra Modi government, expectations have already soared high. Ahead of the budget, the Prime Minister said this budget will lay the foundation of 'Viksit Bharat'.
They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the tourism agenda saying it is an opportunity to make Indian hospitality the emerging engine for GDP growth and employment generation.
To realise the tourism sector’s full potential in creating jobs as well as a growth driver, the government in 2023-24 undertook various steps to develop new tourism destinations, upskilling programmes, revival of rural tourism and promoting religious circuits