The growth rate in Foreign Exchange Earnings (FEEs) in rupee terms in June 2017 over June 2016 was 22.6%

Foreign Exchange Earnings (In Rupee And US $ Terms) through Tourism in India in June 2017

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.

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

Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)

FEEs during the month of June 2017 were Rs.13,088 crore as compared to Rs. 10,677 crore in June 2016 and Rs.9,564 crore in June 2015.

The growth rate in FEEs in rupee terms in June 2017 over June 2016 was 22.6% compared to growth of 11.6% in June 2016 over June 2015.

FEEs during the period January- June 2017 were Rs. 87,096 crore with a growth of 19.7%, as compared to the FEE of Rs.72,749 crore with a growth of 13.6% in January- June 2016 over January- June, 2015.

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

FEEs in US$ terms during the month of June 2017 were US$ 2.031 billion as compared to FEEs of US$ 1.587 billion during the month of June 2016 and US$ 1.498 billion in June 2015.

The growth rate in FEEs in US$ terms in June 2017 over June 2016 was 28.0% compared to a positive growth of 5.9% in June 2016 over June 2015.

FEEs during the period January-June 2017 were US$ 13.230 billion with a growth of 22.3% as compared to the FEE of US$ 10.818 billion with a growth of 6.0% in January- June 2016 over January- June 2015.

Note: Estimates of FEEs are based on following factors:-

(i) Per capita FEEs during April-June 2016= RBI's credit figure for travel (April-June 16)/FTAs (April-June 16)

(ii) FTAs for June 2017.

(iii) Inflation factor based on CPI (U) for June 2017.

Powered by Capital Market - Live News