Travel Trade Journal
Whole Time Director and Chief Executive Officer, IndiGo
Budget 2023 appears to be growth-oriented by increase in capital outlay of INR 7.5 lacs crores, fiscal deficit capped at 6.4 per cent and efforts are being made to reduce compliance burdens and improve ease of doing business. We expect the budget would enable India to achieve a growth estimate of 9.2 per cent. We welcome the new incentives of issuing of E-passport and the introduction of digital currency. The government’s relentless focus on national transportation infrastructure development with the PM Gatti Shakti plan will strengthen the much-needed multimodal connectivity and facilitate the seamless movement of cargo while reducing logistics costs. Having said that we were expecting tax concession to the aviation industry in the form of a cut in ATF excise duty and allocation of concessional finance to airlines to help us come out of the pandemic.