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  1. Economic Survey 2018: Forex revenue from tourism touches $27.7 billion

Economic Survey 2018: Forex revenue from tourism touches $27.7 billion

Economic Survey 2018: 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.

By: | New Delhi | Published: January 29, 2018 4:34 PM
economic survey 2018, budget 2018, budget date, budget 2018 india, India budget, Union budget 2018, budget 2018 expectations, economic survey, economic survey 2017-18, economic survey india 2018, economic survey india, foreign exchange earnings, foreign exchange earnings from tourism Economic Survey 2018: Foreign exchange earnings (FEEs) from tourism grew 20.8 per cent to .7 billion in 2017, helped by the initiatives taken by the government for the sector. (Representative Image/Reuters)

Economic Survey 2018: 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.

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Other initiatives include launch of global media campaign for 2017-18 on various channels, launch of ‘The Heritage Trail’ to promote the world heritage sites in India, launch of international media campaign on various international TV channels, it said. Another measure to promote tourism was celebration of ‘Paryatan Parv’ across the country from October 5 to 25, 2017 with three main components — Dekho Apna Desh, Tourism for All, Tourism and Governance, the survey noted. “Outbound tourism has also picked up in recent years, with the number of departures of Indian nationals from India growing at 7.3 per cent during 2016 to 21.9 million from 20.4 million, in 2015,” it said.

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This is more than double the foreign tourist arrivals in India, it added. In terms of number of domestic tourist visits, Tamil Nadu, Uttar Pradesh, Andhra Pradesh, Madhya Pradesh and Karnataka were the top five destination states, accounting for 61.3 per cent of total number of tourist visits in 2016, the survey said. Among centrally protected ticketed monuments for domestic visitors, Taj Mahal was the most visited monument in 2016 followed by Qutub Minar and Red Fort. While for foreign visitors, Taj Mahal was the most visited monument followed by Agra Fort and Qutub Minar, it added.

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