Forex earnings from tourism up despite slowdown

Government has earned more foreign exchange from tourism in May this year as compared to the same period during 2008.

NEW DELHI: Government has earned more foreign exchange from tourism in May this year as compared to the same period during 2008.

Foreign exchange earnings from tourism were Rs 3,249 crore in May this year as compared to Rs 2,988 crore in 2008, registering an increase of 8.7 per cent.

However, there is a marginal decline in foreign tourist arrival in May this year. 2,95,124 foreign tourists visited the country in May 2009 against 3,00,840 in 2008.

The decline is only 1.9 per cent which is marginal, said a senior Tourism Ministry official.

The fall in tourist arrival was more during the first three months of the current year as compared to the corresponding period of the previous year.

The Tourism Ministry has launched the Visit India Year 2009 scheme in April to woo foreign tourists. Airlines, hotels, and tour operators have joined hands with the ministry in offering various incentives to attract tourists.
ADVERTISEMENT

There were roadshows in many countries including USA, UK, Ireland, Australia, Singapore, showcasing Indian destinations, said the official, adding that "we are hopeful that more tourists will arrive in coming months".
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Indicators › Forex earnings from tourism up despite slowdown
Text Size:AAA
Success
This article has been saved

*

+