New Delhi, May 23: April this year saw a good growth in Foreign Exchange Earnings (FEEs) through tourism in India as compared to last year. Ministry of Tourism estimates monthly FEEs, both in rupee and dollar terms based on the credit data of Travel Head from Balance of Payments of RBI for the previous year.
The highlights of the estimates of FEEs from tourism in India for April 2018 are as below:
Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)
- FEEs during the month of April 2018 were Rs. 15,713 crore as compared to Rs. 14,260 crore in April 2017.
- The growth rate in FEEs in rupee terms in April 2018 over April 2017 was 10.2%.
- FEEs during the period January- April 2018 were Rs. 68,629 crore with a growth of 14.2%, as compared to the FEE of Rs. 60,079 crore in January-April 2017.
Foreign Exchange Earnings (FEEs) through tourism (in US $ terms)
- FEEs in US$ terms during the month of April 2018 were US$ 2.393 billion as compared to FEEs of US$ 2.211 billion during the month of April 2017.
- The growth rate in FEEs in US$ terms in April 2018 over April 2017 was 8.2%.
- FEEs during the period January-April 2018 were US$ 10.621 billion with a growth of 17.4% as compared to the FEE of US$ 9.044 billion in January- April 2017 with a growth of 17.5% over January- April 2016.