New Delhi, May 2: India has always attracted foreign tourists towards itself because of diverse beauty and enormous tourist destinations. This has led to increment in Foreign Exchange Earnings (FEEs) through tourism in the nation. This year’s March has seen a good boost in FEEs than last year.
Based on the credit data of Travel Head from Balance of Payments of RBI, Ministry of Tourism estimates monthly Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms.
The highlights of the estimates of FEEs from tourism in India for March 2018 are as below:
Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)
- FEEs during the month of March 2018 were Rs.17, 294 crores as compared to Rs. 14, 667 crores in March 2017 and Rs. 12, 985 crore in March 2016.
- The growth rate in FEEs in rupee terms in March 2018 over March 2017 was 17.9%, compared to the growth of 13.0% in March 2017 over March 2016.
- FEEs during the period January- March 2018 were Rs. 52, 916 crores with a growth of 15.5%, as compared to the FEE of Rs. 45, 819 crores in January-March 2017 with a growth of 13.6% over January- March 2016.
Foreign Exchange Earnings (FEEs) through tourism (in US $ terms)
- FEEs in US$ terms during the month of March 2018 were US$ 2.659 billion as compared to FEEs of US$ 2.224 billion during the month of March 2017 and US$ 1.938 billion in March 2016.
- The growth rate in FEEs in US$ terms in March 2018 over March 2017 was 19.6% compared to the growth of 14.8% in March 2017 over March 2016.
- FEEs during the period January-March 2018 were US$ 8.228 billion with a growth of 20.4% as compared to the FEE of US$ 6.833 billion in January- March 2017 with a growth of 14.4% over January- March 2016.