Mice Affairs Media Group, News Bureau, 05 Feb
1. Healthcare - COVID 19 Pandemic has given a new meaning to how the term is perceived across the globe.
2. Infrastructure Development - continued focus area.
3. Financial Reforms.
If Sensex is a gauge to measure response, then almost 5% jump on a single trading day post-budget announcement is a clear indication of Industry & Investor sentiments.
Specific to Hospitality Industry - COVID 19 brought an immediate halt to Domestic and International travel and hence an unprecedented decline riding on health concerns. Therefore the impetus on Healthcare - spend of Rs.35000 Crores on COVID 19 Vaccination is a silver lining to restore confidence among State Governments to relax norms and Traveler's to explore. This shall help the industry to see a speedy recovery. The Rs. 2.28 lac crores committed to Infrastructure Development through Rail and Roadways will boost Domestic travel in the long run and hopefully, we will see a steady rise in demand. The government has further shown its resolve in bringing in Financial Reforms. Disinvestment of PSUs, NPA to bring in funds over taxing the common are welcome steps.
Overall the budget is one that offers long term, lasting returns over immediate gains."