India’s forex earnings from tourism rise 19 per cent to $1.42 billion in October

India's foreign exchange earnings from tourists rose 19 per cent year-on-year to $1.42 billion in October 2011 from $1.18 billion in the previous-year period and $1.03 billion in 2009. The growth rate was 29.3 per cent year-on-year in September 2011.

In rupee terms, forex earnings from tourists rose 34.5 per cent during October 2011 to Rs7,019 crore, from Rs5,219 crore in October 2010, which in turn was up 8.6 per cent from Rs4,806 crore in October 2009.

Forex earnings from tourists arriving in India during January-October 2011 rose 19 per cent year-on-year to $13.31 billion, compared to $11.19 billion in the previous year period, which in turn grew 28.6 per cent during the corresponding period of 2009.

In rupee terms, earnings from tourists visiting India rose 18.4 per cent to Rs60,780 crore during January-October 2011 compared with Rs51,334 during the previous-year period, which in turn had grown 21.1 per cent year-on-year.

Arrival of foreign tourists in India during October 2011 rose 11 per cent year-on-year to 5.63 lakh from 5.07 lakh during October 2010, which in turn was up 10.5 per cent from 4.59 lakh in October 2009.

The growth rate of 11 per cent in October 2011 is higher than the 8.7 per cent year-on-year growth achieved in September 2011. Foreign tourist arrivals during the January-October 2011 period were up 10 per cent at 49.38 lakh, compared to the FTAs of 44.87 lakh with a growth of 11.9 per cent during January-October 2010.