EY-FICCI report urges 9% GST reduction for premium stays to boost India’s global competitiveness - Travel Trends Today

International visitor spending is projected to grow at 5.5% per annum, reaching USD 2.95 trillion by 2034. Ernst & Young LLP (EY India), in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI), in its latest report “Reimagining Inbound Tourism in India: Trends, Technology & Transformational Opportunities – Towards Incredible India 4.0,” has proposed a rev…