Tourism industry in India well poised to come out of woods (Exclusive blog item)
As per the recent estimates released by the ministry of tourism, foreign tourist arrivals (FTAs) during January - October 2009 at 40.23 lakh were marginally lower as compared to 43.24 lakh in January - October 2008. The growth rate in FTAs during Jan-Oct 2009 (-7.0%) marginally improved as compared to the growth rate during Jan-Sep, 2009 (-7.7%).
The above trend clearly reflects that the resilient tourism sector in India has weathered all the odds, which include global financial crisis, spread of contagious disease, and terrorist strikes that had made diminished the prospects of tourism industry in India.
Foreign exchange earnings (FEE) during January – October 2009 were Rs. 42,395 crore as compared to Rs. 40,712 crore in January – October 2008. FEE during January - October 2009 were US$ 8699 million as compared to US$ 9696 million during January - October 2008.
The growth rate in FEE in Rs. term during January-October,2009(4.1%) registered an improvement over the growth rate during January-September,2009 (3.1%) . The growth rate in FEE in US$ terms during January-October 2009 (-10.3%) also improved over the growth rate during January-September 2009 (-13.1%).
Courtesy: Ministry of Tourism release
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