NEW DELHI, 20 November 2017: India’s Ministry of Tourism estimates foreign exchange earnings (FEEs) through tourism, January to October, reached USD220.89 billion representing an improvement of 20.2% over year-on-year.
During January-October 2016, the FEEs registered USD 18.37 billion and a growth of 7.9% over January- October 2015.
Highlights of the estimates indicate FEEs for just October identified FEEs of USD2.205 billion, compared with FEEs of USD1.812 billion during the month of October 2016.
Tourism officials said the results were encouraging and showed that India was making considerable progress in terms of quality tourism as earnings, rather than tourist arrivals, represented a more reliable measure of success.
India has one of the longest average of stay at 16 days in the Asia Pacific region, which is a big factor in the high revenue earnings.
During January to October this year, the country welcomed 7.996 million tourists, up 15.8% year-on-year. This compared with a 6.9 million tourists in the same period in 2016 which represented an increase of 9.6%.