Tourism sector witnesses growth in Foreign Exchange Earnings

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New Delhi, July 18 (IANS) India’s tourism sector witnessed a 22.6 per cent growth in Foreign Exchange Earnings (FEEs) in June 2017 over June 2016, a statement from the Tourism Ministry said on Tuesday.

“The growth rate in FEEs in rupee terms in June 2017 over June 2016 was 22.6 per cent compared to growth of 11.6 per cent in June 2016 over June 2015,” said the statement.

“FEEs during the month of June 2017 were Rs 13,088 crore as compared to Rs 10,677 crore in June 2016 and Rs 9,564 crore in June 2015,” the statement said.

The Tourism Ministry estimates the monthly FEEs through tourism in India, both in rupee and dollar terms, based on the credit data of Travel Head from the Balance of Payments of the RBI.

“FEEs during January-June 2017 were Rs 87,096 crore with a growth of 19.7 per cent, as compared to the FEE of Rs 72,749 crore with a growth of 13.6 per cent in January-June 2016 over January-June, 2015,” the statement said.

–IANS

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