Further GST rationalization on domestic hotels and restaurants could fuel tourism growth. The government's move to reduce tax collected at source on overseas packages was positive. India's domestic tourism benefits from improving infrastructure and connectivity. Higher airfares make travelers more value-conscious, adapting with earlier bookings. SOTC Travel anticipates continued growth driven by rising incomes and expanding markets.
Synopsis
Further GST rationalization on domestic hotels and restaurants could fuel tourism growth. The government's move to reduce tax collected at source on overseas packages was positive. India's domestic tourism benefits from improving infrastruct... [3998 chars]
Source: The Economic Times
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