Foreign Exchange Earnings through Tourism in India in November 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 November 2017 and Jan-November 2017 are as below:
Foreign Exchange Earnings (FEEs) through Tourism (in Rs. terms)
- FEEs during the month of November 2017 were Rs.16,640 crore as compared to Rs. 14,259 crore in November 2016 and Rs. 12,649 crore in November 2015.
- The growth rate in FEEs in rupee terms in November 2017 over November 2016 has increased to 16.7%, compared to 12.7% in November 2016 over November 2015.
- FEEs during the period January- November 2017 were Rs. 1,60,865 crore with a growth of 16.9% over same period of previous year. Whereas, the FEEs during January- November 2016 were Rs.1,37,588 crore with a growth of 13.7% over January- November, 2015.
Note: Estimates of FEEs are based on following factors:-
(i) Per capita FEEs during Oct-Dec 2016= RBI’s credit figure for travel (Oct-Dec 16)/FTAs (Oct-Dec 16)
(ii) FTAs for November 2017.
(iii) Inflation factor based on CPI (U) for November 2017.
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