Indian Economy News

Performance of tourism sector during July 2014

New Delhi: Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) on the basis of data received from major ports and Foreign Exchange Earnings (FEEs) from tourism on the basis of data available from Reserve Bank of India. The following are the important highlights regarding FTAs and FEEs from tourism during the month of July 2014.

Foreign Tourist Arrivals (FTAs):

  • FTAs during the Month of July 2014 was 5.72 lakh as compared to FTAs of 5.06 lakh during the month of July 2013 and 4.86 lakh in July 2012.
  • There has been a growth of 12.9% in July 2014 over July 2013 as compared to a growth of 4.2% registered in July 2013 over July 2012.
  • FTAs during the period January-July 2014 were 41.15 lakh with a growth of 6.2% , as compared to the FTAs of 38.74 lakh with a growth of 4.4% during January-July 2013 over the corresponding period of 2012.
  • The percentage share of Foreign Tourist Arrivals (FTAs) in India during July 2014 among the top 15 source countries was the highest from USA (16.88%) followed by Bangladesh (14.69%), UK (12.66%), France (4.14%), Sri Lanka (3.61%),Malaysia (3.51%), Canada (2.84%), Japan (2.75%), Germany (2.70%), China (2.29%), Australia (2.23%), Nepal (2.11%), Singapore (1.85%), Pakistan (1.75%) and Republic of Korea (1.72%).

Foreign Exchange Earnings (FEEs) from Tourism in Indian rupee terms and US$ terms

  • FEEs during the month of July 2014 were `10,336 crore as compared to `8,620 crore in July 2013 and `8,389 crore in July 2012.
  • The growth rate in FEEs in rupee terms in July 2014 over July 2013 was 19.9% as compared to 2.8% in July 2013 over July 2012.
    • FEE from tourism in rupee terms during January-July 2014 were `67,096 crore with a growth of 11.4%, as compared to the FEE of `60,207 crore with a growth of 15.5% during January-July 2013 over the corresponding period of 2012.
  • FEEs in US$ terms during the month of July 2014 were US$ 1.721 billion as compared to FEEs of US$ 1.442 billion during the month of July 2013 and US$ 1.512 billion in July 2012.
  • The growth rate in FEEs in US$ terms in July 2014 over July 2013 was growth of 19.3% as compared to the negative growth of 4.6% in July 2013 over July 2012.
    • FEE from tourism in terms of US$ during January-July 2014 were US$ 11.055 billion with a growth of 1.9%, as compared to US$ 10.850 billion with a growth of 8.9% during January-July 2013 over the corresponding period of 2012.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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