Foreign Exchange Earnings From Tourism Increases by Twenty Percent

The growth rate in Foreign Exchange Earnings(FEEs) from tourism in Rupee terms in January 2013 over January 2012 was 20.6%.   Foreign Tourist Arrivals (FTAs) also showed a growth of 2.6% in January 2013 over January 2012.

The following are the important highlights regarding FTAs and FEEs from tourism during the month of January 2013.

Foreign Tourist Arrivals (FTAs): 

• FTAs during the Month of January 2013 was 6.99 lakh as compared to FTAs of 6.81 lakh during the month of January 2012 and 6.23 lakh in January 2011.
• There has been a growth of 2.6% in January 2013 over January 2012 as compared to a  growth of 9.4%  registered  in January 2012 over January 2011.

Foreign Exchange Earnings (FEEs) from Tourism in Indian rupee terms and US$ terms

• FEEs during the month of January 2013 were Rs.10,398 crore as compared to Rs.8,623 crore in January 2012 and Rs.5,777  crore in January 2011.
• The growth rate in FEEs in rupee terms in January 2013 over January 2012 was 20.6% as compared to 49.3% in January 2012 over January 2011. 
• FEEs in US$ terms during the month of January 2013 were US$ 1.91 billion as compared to FEEs of US$ 1.68 billion during  the month of January 2012 and US$ 1.27 billion in January 2011.
• The growth rate in FEEs in US$ terms in January 2013 over January 2012 was 13.6% as compared to the growth of 32.1% in January 2012 over January 2011.

Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of data received from major ports and quarterly Foreign Exchange Earnings (FEEs) details available at one year lag from Reserve Bank of India.

 

Foreign exchange earnings growth from tourism signals higher arrivals; FEEs compiled with quarterly RBI data subject to lag. FEEs and FTAs showed year over year increases for January 2013: FEEs rose substantially in rupee terms and moderately in US dollar terms, while FTAs increased at a smaller rate compared with the prior year. The Ministry compiles FTAs monthly from major ports and derives FEEs from quarterly central bank reports, with FEEs published on a one year lag.