Ministry of Tourism estimates monthly Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms. Based on the credit data of Travel Head from Balance of Payments of RBI.
The highlights of the estimates of FEEs from tourism in India for May 2017 and Jan-May 2017 are as below:-
Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)
- The growth rate in FEEs in rupee terms in May 2017 over May 2016 was 20.9% compared to growth of 7.9% in May 2016 over May 2015.
Note: Estimates of FEEs are based on following factors:
I. Per capita FEEs during April-June 2016= RBI’s credit figure for travel (April-June 16)/FTAs (April-June 16)
II. FTAs for May 2017.
III. Inflation factor based on CPI (U) for May 2017.