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9.9% Growth in Foreign Exchange Earnings (In Rupee Terms) In January 2018 over January 2017

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9.9% Growth in Foreign Exchange Earnings (In Rupee Terms) In January 2018 over January 2017

Foreign Exchange Earnings (In Rupee and Us $ Terms) Through Tourism In India In January 2018

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 Reserve Bank of India (RBI).

The highlights of the estimates of FEEs from tourism in India for January 2018 are as below:-

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

 

  • FEEs during the month of January 2018 were Rs. 17,725 crore as compared to Rs. 16,135 crore in January 2017 and Rs. 13,671 crore in January 2016.

 

  • The growth rate in FEEs in rupee terms in January 2018 over January 2017 was 9.9%, compared to the growth of 18.0% in January 2017 over January 2016.

 

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

  • FEEs in US$ terms during the month of January 2018 were US$ 2.786 billion as compared to FEEs of US$ 2.370 billion during the month of January 2017 and US$ 2.032 billion in January 2016.
  • The growth rate in FEEs in US$ terms in January 2018 over January 2017 was 17.6% compared to the growth of 16.6% in January 2017 over January 2016.

 

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

 

  1. Per capita FEEs during Jan-Mar 2017= RBI’s credit figure for travel (Jan-Mar 17)/FTAs (Jan-Mar 17)
  2. FTAs for January 2018.
  3. Inflation factor based on CPI (U) for January 2018.