Forex earnings increase due to rise in tourist arrivals
Sai Nikesh | The Dollar Business The Indian Ministry of Tourism’s latest official release says that the Indian Tourism sector has witnessed a growth rate in January, 2015. According to the Ministry’s monthly estimates released on Tuesday, the Foreign Tourist Arrivals (FTA) and Foreign Exchange Earnings (FEE) in terms of rupees, have increased to 4% over the corresponding year. According to statistics, FTAs, by accounting to a total of 7.90 lakh during January, 2015, over 7.59 lakh in the corresponding year, has achieved 4% growth rate. The FTAs during January 2013 were at 7.20 lakh in number. Coming to the FEE statistics, the FEE earnings during January, 2015 stood at 11,529 crore as compared to 11,082 crore in January 2014 ...
