Boost in Tourism: India registers 20.9% hike in income, as over 6.30 lakh Tourists arrived in May
 Source : News Bharati English  Date : 20-Jun-2017

New Delhi, June 20: Tourism giving a boost to the economy of India, Foreign Exchange Earnings (FEEs) during the month of May 2017 were Rs. 12,403 crores as compared to Rs.10,260 crore in May 2016 and Rs.9,505 crore in May 2015. Whereas, Foreign Tourists Arrival (FTA) during the month of May 2017 were 6.30 lakh as compared to FTAs of 5.27 lakh in May, 2016 and 5.09 lakh in May, 2015. 

 

Giving Tourism boost to the economy of India, Foreign Exchange Earnings (FEEs) during the month of May 2017 were Rs. 12,403 crores as compared to Rs.10,260 crore in May 2016 and Rs.9,505 crore in May 2015. Whereas, Foreign Tourists Arrival (FTA) during the month of May 2017 were 6.30 lakh as compared to FTAs of 5.27 lakh in May 2016 and 5.09 lakh in May 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 May 2017 were Rs.12,403 crore as compared to Rs.10,260 crore in May 2016 and Rs.9,505 crore in May 2015.

·      The growth rate in FEEs in rupee terms in May 2017 over May 2016 was 20.9% compared to growth of 7.9% in May 2016 over May 2015.

·      FEEs during the period January- May 2017 were Rs. 74,008 crore with a growth of 19.2%, as compared to the FEE of Rs.62,072 crore with a growth of 14.0% in January- May 2016 over January- May, 2015.

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

·      FEEs in US$ terms during the month of May 2017 were US$ 1.924 billion as compared to FEEs of US$ 1.534 billion during the month of May 2016 and US$ 1.491 billion in May 2015.

·      The growth rate in FEEs in US$ terms in May 2017 over May 2016 was 25.4% compared to a positive growth of 2.9% in May 2016 over May 2015.

·      FEEs during the period January-May 2017 were US$ 11.199 billion with a growth of 21.3% as compared to the FEE of US$ 9.231 billion with a growth of 6.0% in January- May 2016 over January- May 2015.

Foreign Tourist Arrivals (FTAs):

·           The number of FTAs in May, 2017 were 6.30 lakh as compared to FTAs of 5.27 lakh in May, 2016 and 5.09 lakh in May, 2015.

·           The growth rate in FTAs in May, 2017 over May, 2016 is 19.5% compared to 3.5% in May, 2016 over May, 2015.

·           FTAs during the period January- May 2017 were 42.15 lakh with a growth of 16.4%, as compared to the FTAs of 36.22 lakh with a growth of 8.7% in January- May 2016 over January- May 2015.

·           The percentage share of Foreign Tourist Arrivals (FTAs) in India during May 2017 among the top 15 source countries was highest from Bangladesh (29.73%) followed by USA (14.37%), UK (6.76%), Malaysia (3.64%), China (2.91%), Sri Lanka (2.68%), Japan(2.38%), Germany (2.34%), Canada (2.33%), Australia (2.26%), Singapore (1.99%), France (1.77%), Afghanistan (1.76%), Nepal (1.73%) and Republic of Korea (1.52%).

·           The percentage share of Foreign Tourist Arrivals (FTAs) in India during May 2017 among the top 15 ports was highest at Delhi Airport (24.17%) followed by Haridaspur Land check post (17.06%), Mumbai Airport (15.04%),Chennai Airport (7.75%), Bengaluru Airport (6.50%), Kolkata Airport (5.29%), Gede Rail Land check post (3.62%), Hyderabad Airport (3.33%),Cochin Airport (3.25%), Ghojadanga land check post (2.14%), Tiruchirapalli Airport (1.76%), Ahmadabad Airport (1.61%), Trivandrum Airport (1.36%), Goa Airport (0.78%),and Attari-Wagh Airport (0.77%).

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.