Boost in Tourism: India earns Rs. 13,867 crore by foreign tourist arrivals in September 2017

New Delhi, October 18: Tourism has been flourished in past few years and gave a massive boost to the economy of India. Notably, Foreign Exchange Earnings (FEEs) during the month of September 2017 was Rs. 13,867 crore as compared to Rs.11,642 crore in September 2016 and Rs.10,415 crore in September 2015. Whereas, the number of FTAs in September 2017 were 7.23 lakh with the growth rate of 18.8% as compared to FTAs of 6.08 lakh in September 2016 and 5.43 lakh in September 2015.

 

Based on the credit data of Travel head as available from Balance of Payments of RBI for the previous year, Ministry of Tourism estimates and releases the data of Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms, for the current month applying suitable inflation factor and current month Foreign Tourist Arrivals data.

Foreign Exchange Earnings (FEEs) through tourism (in Rs. Terms):

· FEEs during the month of September 2017 were Rs. 13,867 crore as compared to Rs.11,642 crore in September 2016 and Rs.10,415 crore in September 2015.

· The growth rate in FEEs in rupee terms in September 2017 over September 2016 was 19.1% compared to growth of 11.8% in September 2016 over September 2015.

· FEEs during the period January- September 2017 were Rs.1,29,871 crore registering a growth of 16.8% over same period of previous year. The FEEs during January-September 2016 were Rs.1,11,229 crore and registered a growth of 13.7% over January- September 2015.

Foreign Exchange Earnings (FEEs) through Tourism (in US $ terms): 

· FEEs in US$ terms during the month of September 2017 were US$ 2.153 billion as compared to FEEs of US$ 1.744 billion during the month of September 2016 and US$ 1.573 billion in September 2015.

· The growth rate in FEEs in US$ terms in September 2017 over September 2016 was 23.5% compared to the growth of 10.9% in September 2016 over September 2015.

· FEEs during the period January-September 2017 were US$ 19.884 billion registering a growth of 20.1% over same period of previous year. The FEEs during January-September 2016 were US$ 16.562 billion and registered a growth of 20.1% over January- September 2015.

Interestingly, tourism in India has been getting a good response due to several effective steps were taken by the government. However, as the tourism is flourishing, the country's economy is also getting a massive hike.