Rs. 12,903 Crore Foreign Exchange Earned Through Tourism in August 2016
OREANDA-NEWS. 11.8% growth in Foreign Tourist Arrivals (FTAs) in August 2016 over the same period in 2015. Bangladesh accounts for highest share of tourist arrivals followed by USA and UK in August 2016. Rs.12, 903 crore Foreign Exchange earned through tourism in August 2016.
Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI) and Foreign Exchange Earnings (FEEs) from tourism on the basis of data available from Reserve Bank of India. The following are the important highlights regarding FTAs and FEEs from tourism during the month of August, 2016.
Foreign Tourist Arrivals (FTAs):
· FTAs during the Month of August, 2016 were 6.70 lakh as compared to FTAs of 5.99 lakh during the month of August, 2015 and 5.76 lakh in August, 2014. There has been a growth of 11.8% in August, 2016 over August, 2015.
· FTAs during the period January- August,, 2016 were 55.92 lakh with a growth of 10.2% as compared to the FTAs of 50.73 lakh with a growth of 4.6% in January- August, 2015 over January- August, 2014.
· The Percentage share of Foreign Tourist Arrivals (FTAs) in India during August, 2016 among the top 15 source countries was highest from Bangladesh (16.61%) followed by USA (12.59%), UK (10.57%), Sri Lanka (5.92%), Malaysia (3.41%), China (2.77%), Japan (2.75%), Canada (2.63%), Germany (2.57%),France (2.54%),Australia (2.40%), Oman (2.19%), Nepal (1.95%), Singapore (1.91%) and UAE (1.68%).
Foreign Exchange Earnings (FEEs) from Tourism in India in Rs. terms and in US$ terms
· FEEs during the month of August, 2016 were Rs.12, 903 crore as compared to Rs. 11,411 crore in August, 2015 and Rs. 10,385 crore in August, 2014.
· The growth rate in FEEs in rupee terms during August, 2016 over August, 2015 was 13.1% as compared to the growth of 9.9% in August, 2015 over August, 2014.
· FEEs from tourism in rupee terms during January- August, 2016 were Rs. 1,00, 287 crore with a growth of 14.7% as compared to the FEE of Rs. 87,428 crore with a growth of 9.6% during January-August, 2015 over January- August, 2014.
· FEEs in US$ terms during the month of August, 2016 were US$ 1.927 billion as compared to FEEs of US$ 1.752 billion during the month of August, 2015 and US$ 1.706 billion in August, 2014.
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