Thursday, March 13, 2008

Forex earnings from tourism decline 25.3%

Foreign exchange (FOREX) earnings from foreign tourist arrivals decline 25.3%, for the month of February 2007-08 , as against 32.6% previous month. Whereas foreign exchange earnings stood at 27.9% in February 2006-07.

The advance estimates of forex earnings declined to USD 1,368 million for February 2008 , as against USD 1,433 million in January 2008. However forex earnings stood at USD 1,092 million for February 2007.

The provisional estimates (PE) shows that arrival of tourist in the same period i.e. in the month of February 2008 is 560,658 as against 498,806 in the same month a year ago, recording a growth of 12.4%.For January 2008 foreign tourist arrivals is more which stood at 584,765 as compared to February 2008.

While in the year 2006, according to the revised estimates (RE) forex earned was USD 854 million and the number of foreign tourist arrivals is 439,090 in the month of February.

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