Note Ban Cannot any effect on Tourism

Tourism: 17.8% Growth in Foreign Exchange Earnings in January 2017 

Foreign Exchange Earnings (FEEs) during the month of January 2017 were Rs.16,097 crore as compared to Rs.13,669 crore in January 2016 and Rs.12,100 crore in January 2015. The growth rate in FEEs in rupee terms during January 2017 over January 2016 was 17.8% as compared to the growth of 13.0% in January 2016 over January 2015.
Based on the credit data of Travel head as available from Balance of Payments of RBI for the previous year, Ministry of Tourism estimates and releases the data of Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms, for the current month applying suitable inflation factor and current month Foreign Tourist Arrivals data.
The highlights of the estimates of FEEs from tourism in India for January 2017 are as below:-
Foreign Exchange Earnings (FEEs) through tourism (in Rs. terms)
·         FEEs  during the month of January 2017 were Rs.16,097 crore as compared to Rs.13,669 crore in January 2016 and Rs.12,100 crore in January 2015.
·         The growth rate in FEEs in rupee terms during January 2017 over January 2016 was 17.8% as compared to the growth of 13.0% in January 2016 over January 2015. Foreign Exchange Earnings (FEEs) through tourism (in US $ terms). FEEs in US$ terms during the month of January 2017 were US$ 2.364 billion as compared to FEEs of US$ 2.032 billion during the month of January 2016 and US$ 1.945 billion in January 2015.
 The growth rate in FEEs in US$ terms in January 2017 over January 2016 was 16.3% compared to a positive growth of 4.5% in January 2016 over January 2015.