Boost in tourism: India registers 17.1% growth in Foreign Tourist Arrivals in Feb 2017
 Source : News Bharati English  Date : 22-Mar-2017

New Delhi, March 22: Giving a major boost to the economy of India, Foreign Exchange Earnings (FEEs) during the month of February 2017 were Rs.15,260 crore as compared to Rs.13,627 crore in February 2016 and Rs.11,642 crore in February 2015. The growth rate in FEEs in rupee terms during February 2017 over January 2016 was 12.0% as compared to the growth of 17.1% in February 2016 over February 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 February 2017 were Rs. 15,260crore as compared to Rs.13,627 crore in February 2016 and Rs.11,642 crore in February 2015.

·      The growth rate in FEEs in rupee terms in February 2017 over February 2016 was 12.0% compared to positive growth of 17.1% in February 2016 over February 2015.

·      FEEs during the period January- February 2017 were Rs.31,357 crore with a growth of 14.9%, as compared to the FEE of Rs. 27,296 crore with a growth of 15.0% in January- February 2016 over January- February 2015.

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

·      FEEs in US$ terms during the month of February 2017 were US$2.275 billion as compared to FEEs of US$ 1.996 billion during the month of February 2016 and US$ 1.877 billion in February 2015.

·      The growth rate in FEEs in US$ terms in February 2017 over February 2016 was 14.0% compared to a positive growth of 6.3% in February 2016 over February 2015.

·      FEEs during the period January-February 2017 were US$4.639billion with a growth of 15.2% as compared to the FEE of US$ 4.028 billion with a growth of 5.4% in January- February 2016 over January- February 2015.

Notably, Ministry of Tourism compiled monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI) and Foreign Exchange Earnings (FEEs) from tourism on the basis of data available from Reserve Bank of India.