Foreign Exchange Earnings through Tourism in India grows by 10.9 % in August 2017

Utkal Reporter Bureau|19 September 2017

India has earned Rs 13922 crore of foreign exchange in terms of Rupees in August 2017 from the tourism sector. In August 2016 the Foreign Exchange Earnings from this sector were Rs 12553 crore and in 2015 August those were Rs11, 414 crore.

Thus the growth rate is estimated to be 10.9% in August 2017 over August 2016. Similarly foreign Exchange Earnings have increased by 10% in August 2016 over that of the 2015.

Ministry of Tourism estimates monthly Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms based on the credit data of Travel Head from Balance of Payments of RBI.

As far as the earnings in terms of US dollar is concerned in the August 2017 they were USD 2.176 billion compared to USD1.875 billion in August 2016. Growth rate was 16.1%. Growth rate in USD terms in 2016 was 7.0% as the earnings were USD1.752 billion.

Forign Exchange Earnings during the period January- August 2017 in Rs terms were Rs. 1,16,004 crore registering a growth of 16.5% over same period of previous year.

The earnings during January-August 2016 were Rs. 99,587 and registered a growth of 13.9% over January- August, 2015.

Similarly Foreign Exchange Earnings in terms of USD during January-August 2017 were USD17.731billionand during January-August 2016 were USD14.818 billion growth rate was 19.7%.. Growth rate during the same period of 2016 was 7.1%.

 

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