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."
