Earnings from foreign exchange in tourism have grown by more than 10 per cent in April 2018 over April 2017, a Tourism Ministry statement said today.
The 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 for the previous year.
"FEEs during the month of April 2018 were Rs 15,713 crore as compared to Rs. 14,260 crore in April 2017. The growth rate in FEEs in rupee terms in April 2018 over April 2017 was 10.2 per cent," the statements stated.
FEEs during the period January- April 2018 were Rs. 68,629 crore with a growth of 14.2 per cent, as compared to the FEE of Rs. 60,079 crore in January-April 2017.
FEEs in US$ terms during the month of April 2018 were US$ 2.393 billion as compared to FEEs of US$ 2.211 billion during the month of April 2017.
The growth rate in FEEs in US$ terms in April 2018 over April 2017 was 8.2 per cent, it said.
FEEs during the period January-April 2018 were US$ 10.621 billion with a growth of 17.4 per cent as compared to the FEE of US$ 9.044 billion in January- April 2017 with a growth of 17.5 per cent over January- April 2016.
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