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Growth rate of FTAs declined to 2.1% in 2018-19

Going by the statistics released by the latest Economic Survey, India’s tourism sector witnessed a slowdown in 2018-19. “The Foreign Tourist Arrivals (FTAs) in 2018-19 stood at 10.6 million compared to 10.4 million in 2017-18. In terms of growth, the growth rate of FTAs declined from 14.2 per cent in 2017-18 to 2.1 per cent in 2018-19,” the Survey stated.

Meanwhile, the Foreign Exchange Earnings  (FEEs)  from  tourism stood at US$27.7 billion in 2018-19 as compared to US$28.7 billion in 2017-18. “In terms of growth, the FEEs declined from 20.6  per  cent  in  2017-18  to  -3.3  per  cent  in  2018-19,” the Survey noticed.

In India, the Tourism sector had been performing well with FTAs growing at 14 per cent to 10.4 million and FEEs at  20.6 per cent to US$28.7 billion in 2017-18.

The Survey further states that outbound  tourism  increased  in  recent  years,   with   the   number   of   departures   of   Indian  nationals  from  India,  that  stood  at 23.94 million in 2017 from 21.87 million in 2016,  with  a  growth    rate  of  9.5  per  cent  in  2017. This was more than double the foreign tourist arrivals in India.

Also, the growth    in    domestic    tourist    visits    slowed  down  from  12.7  per  cent  in  2016  to  2.4 per cent in 2017. In absolute numbers, there were 1,652.5 million domestic tourists in   2017   compared   to   1,615.4   million   in   2016.

Amongst  centrally  protected  ticketed monuments, Taj Mahal, Agra (5.66 million)  was  the  most  visited  monument  in  2017-18  for  domestic  visitors  followed  by  Sun Temple, Konark (3.22 million) and Red Fort, Delhi (3.04 million).

 

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