Foreign exchange earnings from tourism jump 19.9% to 10336 crore in July 2014
Foreign tourists arrivals (FTAs) continued to increase at strong pace, while posting 28-months high growth of 13.2% to 5.72 lakh in July 2014, compared 9.1% growth recorded in June 2014 and 4.2% in July 2013. FTAs have also increased at higher pace of 6.2% to 41.15 lakh in Jan-July 2014, as compared to 4.4% growth recorded in the corresponding period of 2013 with the FTAs of 38.74 lakh.The percentage share of Foreign Tourist Arrivals (FTAs) in India during July 2014 among the top 15 source countries was the highest from USA (16.88%) followed by Bangladesh (14.69%), UK (12.66%), France (4.14%), Sri Lanka (3.61%),Malaysia (3.51%), Canada (2.84%), Japan (2.75%), Germany (2.70%), China (2.29%), Australia (2.23%), Nepal (2.11%), Singapore (1.85%), Pakistan (1.75%) and Republic of Korea (1.72%).
The foreign exchange earnings (FEEs) from tourism in US dollar terms accelerated 19.3% to US$ 1721 million in July 2014, after 17.4% growth posted in the previous month, while the growth rebounded from 4.6% decline recorded in the corresponding month last year.
FEE from tourism during January-July 2014, were US$ 11055 million showing moderate increase of 1.9%, compared to 8.9% growth recorded at US$ 10850 million for January-July 2013.
FEEs from tourism in Rupee terms surged 19.9% to Rs 10336 crore in July 2014, against 2.8% increase recorded at Rs 8620 crore in July 2013. The higher growth of FEEs in Rupee terms during July 2014 was also facilitated by 0.5% weakening of Indian Rupee to Rs 60.06 per dollar on yoy basis.
FEEs from tourism during January-July 2014 were Rs 67096 crore with a growth of 11.4%, as compared to the FEEs of Rs 60207 crore, showing an increase of 15.5% during January-July 2013.
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