The Ministry of Tourism (MoT) has reported an increase in tourism statistics for the first five months of 2024, demonstrating a 9.1 per cent boost in both Foreign Tourist Arrivals (FTAs) and 22.52 per cent growth in Foreign Exchange Earnings (FEEs). As per a News report from ANI.
In May 2024, FTAs reached 6.00 lakh, a slight increase from 5.98 lakh in May 2023, reflecting a growth of 0.3 per cent.
More impressively, the cumulative FTAs for the period from January to May 2024 were 40.72 lakh, up from 37.32 lakh in the same period of 2023.
The Foreign Exchange Earnings during May 2024 amounted to INR 17,762 crores, compared to INR 17,206 crores in May 2023, marking a growth of 3.23 per cent.
For the January-May 2024 period, FEEs totaled INR 1,08,362 crores, significantly higher than the INR 88,441 crores recorded in the same timeframe in 2023, indicating an impressive growth of 22.52 per cent.
These trends underscore the positive impact on the overall economic growth and development of India’s tourism sector. The consistent increase in FTAs and FEEs suggests a robust and expanding industry, contributing significantly to the country’s economy.
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