The Economic Survey 2018-19

Survey calls for tax cuts, space for hotels in infra boost to tourism

The Economic Survey 2018-19 has recommended a series of measures to boost the tourism sector, which saw a “sharp slowdown” last year.

The recommendations include increased budgetary allocation for development of infrastructure, making land available for hotels, and reduction in taxes.

The Survey, which was tabled in Parliament on Thursday, added that there was a need to strengthen the coordination mechanism of various Ministries and stakeholders to resolve issues in promotion of tourism in the country.

Additionally, the State governments need to be sensitised about tourism being a major driver of employment and poverty alleviation, it said.

Pointing out that the sector experienced a sharp slowdown in 2018, the Survey stated that the foreign tourist arrivals (FTAs) in 2018-19 stood at 10.6 million compared with 10.4 million in 2017-18.

“In terms of growth, the growth rate of FTAs declined from 14.2% in 2017-18 to 2.1% in 2018-19.”

Likewise, foreign exchange earnings (FEEs) from tourism stood at $27.7 billion in 2018-19 as compared to $28.7 billion in 2017-18. “In terms of growth, the FEEs declined from 20.6% in 2017-18 to -3.3% in 2018-19.”

“Land should be made available for hotels and reserve land for hotels in all new townships under planning… Fast-track clearances for hotel projects… Increase skill development efforts to train more persons… Make the taxation regime on hospitality industry globally competitive,” the Survey said.

The Survey also showed that FDI in hotel and tourism also declined from $1,132 million in 2017-18 to $1,076 million in 2018-19.


Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Oct 24, 2021 7:40:55 PM | https://www.thehindu.com/business/survey-calls-for-tax-cuts-space-for-hotels-in-infra-boost-to-tourism/article28287028.ece

In This Package
Economic Survey: Aadhaar aided MGNREGS beneficiaries
FDI needed to spur the virtuous cycle in India, says CEA Krishnamurthy Subramanian
You are reading
Survey calls for tax cuts, space for hotels in infra boost to tourism
Economic Survey moots central welfare database of citizens
India could host ‘Detroit’ of EVs
‘Reward top taxpayers, shame defaulters’
Well-designed minimum wage system required to reduce wage inequality, says Economic Survey 2018-19
Economic Survey 2018-19: Private funds needed for Swachh Bharat
Economic Survey 2018-19 calls for improvement in contract enforcement regime
‘Recovery under IBC higher at 43%’
More than half of start-ups are from tier-2 and tier -3 cities: Survey
Economic Survey: shift focus to water productivity
Economic Survey 2019 in six charts
India must spend $200 billion on infra annually; harnessing pvt. investment a challenge: Economic Survey
No train collisions in 2018-19, fire incidents rise: Economic Survey
Finance Ministry makes progress in strategic sale of 28 Central Public Sector Enterprises
Economic Survey lays out blueprint for $5 trillion economy
Read: Full text of Economic Survey 2019
India needs to increase energy consumption to raise per capita income: Eco Survey
Economic Survey calls for enhanced efficiency in judiciary to help improve ease of doing business
India’s march towards SDGs anchored in investing in human capital, inclusive growth: Economic Survey
Debt recovery mechanism strengthened with IBC, says Economic Survey
Economic Survey 2018-2019 proposes to raise retirement age
Gross tax to GDP ratio dips to 10.9% in FY’19
Economic Survey suggests merging of different datasets held by govt
Economic Survey: Many states became open defecation free since launch of Swachh Bharat
Next Story