India earns Rs. 14,354 crore by foreign tourist arrivals in October 2017

New Delhi, November 17: Tourism sector of India continues to flourish immensely. Notably, Foreign Exchange Earnings (FEEs) during the month of October 2017 was Rs.14,354 crore as compared to Rs.12,100 crore in October 2016 and Rs.10,549 crore in October 2015. The Foreign Tourist Arrivals (FTA) have registered whopping growth of 18.1% in October 2017 in the country.

 

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 October 2017 were Rs.14,354 crore as compared to Rs.12,100 crore in October 2016 and Rs.10,549 crore in October 2015.

· The growth rate in FEEs in rupee terms in October 2017 over October 2016 has increased to 18.6%, compared to 14.7% in October 2016 over October 2015.

· FEEs during the period January- October 2017 were Rs.1,44,225 crore with a growth of 16.9% over same period of previous year. The FEEs during January-October 2016 were Rs.1,23,329 crore and registered a growth of 13.8% over January- October 2015.

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

· FEEs in US$ terms during the month of October 2017 were US$ 2.205 billion as compared to FEEs of US$ 1.812 billion during the month of October 2016 and US$ 1.621 billion in October 2015.

· The growth rate in FEEs in US$ terms in October 2017 over October 2016 has increased to 21.7% compared to the growth of 11.8% in October 2016 over October 2015.

· FEEs during the period January-October 2017 were US$ 22.089 billion with a growth of 20.2% over same period of previous year. The FEEs during January-October 2016 were US$ 18.374 billion and registered a growth of 7.9% over January- October 2015.

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.