Forex revenue from tourism touches $27.7 billion
Foreign exchange earnings (FEEs) from tourism grew 20.8 per cent to $27.7 billion in 2017, helped by the initiatives taken by the government for the sector, the Economic Survey said today. As per the provisional data of Ministry of Tourism, foreign tourist arrivals (FTAs) stood at 10.2 million during 2017, a growth of 15.6 per cent.
FEEs from tourism were at $27.7 billion, witnessing a growth of 20.8 per cent over 2016, it added. FTAs stood at 8.8 million and FEEs were at $22.9 billion in 2016, the Economic Survey 2017-18 that was tabled in Parliament today noted. The government has taken various initiatives to promote tourism. Recent measures include the introduction of the e-visa facility under three categories of tourist, medical and business for the citizens of 163 countries, it added.