India's foreign exchange earnings from tourism go up in September 2017 compared to year-ago period

The highlights of the estimates of FEEs from tourism in India for September 2017 and Jan-September 2017 are as below:-

FEEs from Tourism during September 2017 were Rs. 13,867 crore as compared to Rs.11,642 crore in September 2016 and Rs.10,415 crore in September 2015.

The growth rate in FEEs in rupee terms in September 2017 over September 2016 was 19.1% compared to growth of 11.8% in September 2016 over September 2015.

FEEs during the period January- September 2017 were Rs.1,29,871 crore registering a growth of 16.8% over same period of previous year.

FEEs during January-September 2016 were Rs.1,11,229 crore and registered a growth of 13.7% over January- September, 2015.

FEEs in US$ terms during September 2017 were US$ 2.153 billion as compared to FEEs of US$ 1.744 billion during the month of September 2016 and US$ 1.573 billion in September 2015.

The growth rate in FEEs in US$ terms in September 2017 over September 2016 was 23.5% compared to the growth of 10.9% in September 2016 over September 2015.

FEEs during the period January-September 2017 were US$ 19.884 billion registering a growth of 20.1% over same period of previous year.

FEEs during January-September 2016 were US$ 16.562 billion and registered a growth of 20.1% over January- September 2015.

Estimates of FEEs were based on the following:

Per capita FEEs during July-September 2016= RBI’s credit figure for travel (July-Sep 16)/FTAs (July-Sep 16),

FTAs for September 2017, and

Inflation factor based on CPI (U) for September 2017.