Whopping boost in tourism! India earns over Rs. 17000 crore by foreign tourist arrivals in January 2018

New Delhi, March 1: Foreign Exchange Earnings (FEEs) during the month of January 2018 were Rs. 17,725 crore as compared to Rs. 16,135 crore in January 2017 and Rs. 13,671 crore in January 2016. Notably, Tourism is a major engine of economic growth and an important source of foreign exchange earnings in many countries including India. However, as the tourism is flourishing, the country's economy is also getting a massive hike.

 

The highlights of the estimates of FEEs from tourism in India for December 2017 and Jan-Dec 2017 are as below:

Foreign Exchange Earnings (FEEs) through Tourism (in Rs. terms):

FEEs during the month of January 2018 were Rs. 17,725 crore as compared to Rs. 16,135 crore in January 2017 and Rs. 13,671 crore in January 2016.

The growth rate in FEEs in rupee terms in January 2018 over January 2017 was 9.9%, compared to the growth of 18.0% in January 2017 over January 2016.

Foreign Exchange Earnings (FEEs) through Tourism (in US $ terms)

FEEs in US$ terms during the month of January 2018 were US$ 2.786 billion as compared to FEEs of US$ 2.370 billion during the month of January 2017 and US$ 2.032 billion in January 2016.

The growth rate in FEEs in US$ terms in January 2018 over January 2017 was 17.6% compared to the growth of 16.6% in January 2017 over January 2016.

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.