Foreign exchange earnings from tourism shot up 26.8% to US$ 1684 million in August 2014
Foreign tourists arrivals (FTAs) surged at 40-months high pace of 17.1% to 5.69 lakh in August 2014, while showing acceleration in the pace of growth from 13% growth in the previous months and 9.1% increase recorded in August 2013.FTAs have galloped 7.4% to 46.84 lakh in Jan-August 2014, as compared to 4.9% growth recorded in the corresponding period of 2013 with the FTAs of 43.6 lakh.
The percentage share of Foreign Tourist Arrivals (FTAs) in India during August 2014 among the top 15 source countries was highest from Bangladesh (14.03%), followed by USA (12.74%), UK (9.22%), Sri Lanka (6.79%), Japan (3.56%), France (3.18%), Malaysia (3.09%), Germany (2.79%), UAE (2.42%), Oman (2.28%), Australia (2.28%), Canada (2.22%), China (2.14%), Pakistan (2.11%) and Nepal (2.10%).
Foreign Exchange Earnings (FEEs) in US dollar terms shot up 26.8% to US$ 1684 million in August 2014, after 19.3% growth posted in the previous month. The FEEs growth in August 2014 was sharply higher than the marginal 1.7% increase recorded in the corresponding month last year. FEEs in dollar terms also moved up at highest pace in last 37-months.
FEE from tourism during January-August 2014, were US$ 12739 million, up 4.6% compared to US$ 12178 million for January-August 2013.
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FEEs from tourism in Rupee terms surged 22.8% to Rs 10254 crore in August 2014, against 15% increase recorded at Rs 8351 crore in August 2013. The FEEs in Rupee terms increased at lower pace against those in US dollar terms in August 2014, Indian Rupee gained 3.2% yoy to Rs 60.89 per dollar.
FEEs from tourism during January-August 2014 were Rs 77350 crore with a growth of 12.8%, as compared to the FEEs of Rs 68558 crore, showing an increase of 15.4% during January-August 2013.
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