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Forex Earnings through tourism up by 18% in March

  • 03 May 2018

The Ministry of Tourism said that the Foreign Exchange Earnings (FEEs) through tourism during the month of March 2018 were Rs.17, 294 crore as compared to  Rs. 14, 667 crore in March 2017 and Rs. 12, 985 crore in March 2016. The estimate is based on the credit data of Travel Head from Balance of Payments of RBI.

The growth rate in FEEs in rupee terms in March 2018 over March 2017 was 17.9 per cent, compared to the growth of 13 per cent in March 2017 over March 2016. Meanwhile, FEEs during the period January- March 2018 were Rs. 52, 916 crore with a growth of 15.5 per cent, as compared to the FEE of Rs. 45, 819 crore in January-March 2017 with a growth of 13.6 per cent over January- March 2016.

In US$ terms, FEEs in March 2018 were US$ 2.659 billion as compared to FEEs of US$ 2.224 billion during March 2017 and  US$ 1.938 billion in March 2016.  The growth rate in FEEs in US$ terms in March 2018 over March 2017 was 19.6 per cent compared to the growth of 14.8 per cent in March 2017 over March 2016.

FEEs during the period January-March 2018 were US$ 8.228 billion with a growth of 20.4 per cent as compared to the FEE of US$ 6.833 billion in January- March 2017 with a growth of 14.4 per cent over January- March 2016.

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