India is estimated to contribute USD 250 billion to its GDP from Tourism and create 137 million jobs in the Tourism sector. The tourism industry will also contribute to more than 56 billion USD in Foreign Exchange Earnings, and 25 million foreign arrivals are expected to be achieved by 2030. In FY20, the tourism sector in India accounted for 39 million jobs, which was 8.0% of the total employment in the country. Time To Look Out For Top Hotel Stocks In India In line with promoting this industry, the Government launched the ‘Dekho Apna Desh’ campaign back in December 2019 …
Tag: Budget
The tale of Union Budget & Green Farming
Last Wednesday when finance minister Nirmala Sitaraman presented the union budget, “Green Growth” was the prime focus. “We are implementing many programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment, and policies for efficient use of energy across various economic sectors,” said Mrs. Sitaraman as she read out the budget. Thanks to this announcement, organic farming stocks in NSE and BSE are likely to see some movement in the near term. For farmers, it meant green farming through the use of natural fertilizers and organic methods of farming. The Government plans to support over …
What did the budget have in store for the Green Hydrogen Industry?
What is the Green Hydrogen Mission? The objective of the Green Hydrogen Mission is to make India the Global Hub for the production, usage, and export of Green Hydrogen and its derivatives. This will contribute to India’s aim to become self-reliant through clean energy. The Mission will also lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen. You can check out the entire explainer here. With the push for the adoption of this clean energy, Green Hydrogen stocks in India are likely to see …
BUDGET KEY HIGHLIGHTS
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Budget in Focus
Government to loose purse string to spur growth Union finance minister Nirmala Sitharaman will probably listen to the renowned British economist John Maynard Keynes while presenting her budget on Monday amidst Covid crisis. In his famous prescription to overcome the Great Depression in the 1930s, Keynes highly advocated for government intervention through public spending because, he argued, private investments cannot be counted upon when there is deep recession and gloom around. According to him, only the government in this situation can revive demand, restore stability and confidence by intervention through spending. The World Bank has recently commented that in India …