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Foreign tourists arrival up 9 pc, exchange earnings at Rs 1.08 lakh cr in Jan-May

by Blitzindiamedia
August 5, 2024
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NEW DELHI: India saw a 9.1 per cent increase in foreign tourist arrivals (FTAs) in the January-May period at 40.72 lakh compared to 37.32 lakh in January-May last year, the Parliament was informed on August 5, indicating a positive impact on the overall economic growth and development of the tourism sector in the country.

Foreign exchange earnings (FEEs) during the period stood at Rs 1,08,362 crore as compared to Rs 88,441 crore in January-May 2023, registering a growth of 22.52 per cent (year-on-year), said Union Minister for Tourism and Culture, Gajendra Singh Shekhawat, in a reply in the Lok Sabha.

For the month of May, foreign exchange earnings were Rs 17,762 crore, against Rs 17,206 crore in May last year, clocking 3.23 per cent growth.

Similarly, foreign tourist arrivals in May were 6 lakh as compared to 5.98 lakh in May 2023, registering a growth of 0.3 per cent.

The data shows a consistent increase in foreign tourist arrivals and foreign exchange earnings, suggesting a robust and expanding tourism industry, said the minister.

The Government is also focusing on the development of notable spiritual landmarks. The Union Budget also emphasised the historical and cultural significance of tourism in India as Finance Minister Nirmala Sitharaman announced the “comprehensive development” of the Vishnupad temple corridor and Mahabodhi temple corridor in Bihar.

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