The foreign tourist arrivals and foreign exchange earnings from tourism sector has witnessed a growth in India.
New Delhi, June 23/Nationalturk – In a good news for Indian economy, the foreign tourist arrivals in India is up and so is foreign exchange earnings.
“The Foreign Tourist Arrivals (FTAs) during the month of May 2014 was 0.421 millions. In comparison, FTAs in May 2013 was 0.384 million and in May 2012 was 0.374 million,” an Indian Tourism ministry official said.
He said there has been a growth of 9.7% in FTAs in May 2014 over May 2013 as compared to a growth of 2.5% registered in May 2013 over May 2012.
The official said from January-May 2014, about 3.052 million foreign tourists visited the country, which was 6.6% higher than foreign tourist arrivals in the country from January –May 2013.
Foreign Exchange Earnings (FEEs) also up
The Tourism Ministry official said FEEs in US dollar terms during the month of May 2014 were US $ 1.247 billion as compared to FEEs of US$ 1.109 billion during May 2013 and US$ 1.023 billion in May 2012.
“The growth rate in FEEs in US$ terms in May 2014 over May 2013 was growth of 12.4% as compared to the growth of 8.4% in May 2013 over May 2012,” he said.
The official said FEEs from tourism in terms of US$ during January-May 2014 were US$ 8.030 billion which remained the same as that of January-May 2013, registering a growth of 10.0% over the corresponding period of 2012.
He said Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of data received from major ports and Foreign Exchange Earnings (FEEs) from tourism on the basis of data available from Reserve Bank of India.
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