Budget 2024: ’Spiritual tourism has tremendous...’, says FM Sitharaman as huge rush continues at Ayodhya Ram Mandir

  • Budget 2024: Finance Minister Nirmala Sitharaman highlights opportunities for local entrepreneurship in the tourism sector, including spiritual tourism.

Livemint
Updated1 Feb 2024, 05:21 PM IST
Union Finance Minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha, at Parliament House in New Delhi,
Union Finance Minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha, at Parliament House in New Delhi, (PTI)

Finance Minister Nirmala Sitharaman while presenting the Interim Budget 2024 on February 1 said that tourism, including spiritual tourism, has tremendous opportunities for local entrepreneurship in the country. 

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The minister said, “The success of organizing G20 meetings in sixty places presented the diversity of India to a global audience. Our economic strength has made the country an attractive destination for business and conference tourism.”

Also Read: Spiritual tourism surges as improved infrastructure sparks cultural connection, says SBI report

She further added that long-term interest-free loans will be provided to states for financing such development on a matching basis.

In order to promote comprehensive development of the centres, the Union Minister said that a framework for rating of the centres based on quality of facilities and services will be established.

Also Read: Budget 2024: Read full text of FM Nirmala Sitharaman speech here

“States will be encouraged to take up comprehensive development of iconic tourist centres, branding and marketing them at global scale.”

Also Read: Budget 2024: From ‘Lakhpati Didi,’ to ‘cervical cancer vaccination,’ FM Sitharaman's announcements for women | 5 points

“Long-term interest-free loans will be provided to States for financing such development on a matching basis.”

With the inauguration of the Shree Ram Janmabhoomi Temple, Ayodhya city in Uttar Pradesh is firmly on the path to becoming “India's biggest religious tourism hub". Tourists have been attending in large numbers for 'darshan' of Shri Ram Lalla. Currently, the city is also witnessing significant infrastructural growth with new hotels coming up. Recently, SBI Research in a report stated that improved infrastructure and accessibility to spiritual tourism have increased the potential of tourism, allowing people to connect with the rich heritage and culture of the country. Several travel companies cited that ‘spiritual tourism’ is gaining interest across segments of families, couples and millennials, in addition to the seniors' segment.

Coming back to the Interim Budget, the finance minister also said that projects for port connectivity, tourism infrastructure, and amenities will be taken on Indian islands including Lakshadweep to address zeal for domestic tourism. The announcement came amid an ongoing political row with the Maldives over the derogatory remarks by some Maldivian ministers against Prime Minister Narendra Modi.

Meanwhile, The Finance Minister concluded her budget presentation with a positive outlook, signalling the government's determination to continue fostering inclusive growth and development. The Interim Budget 2024 is expected to undergo thorough scrutiny and debates in the coming days in the Parliament, as stakeholders assess its potential impact on the nation's economic trajectory.

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First Published:1 Feb 2024, 05:21 PM IST
HomeNewstrendsBudget 2024: ’Spiritual tourism has tremendous...’, says FM Sitharaman as huge rush continues at Ayodhya Ram Mandir

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