Foreign Exchange Earnings from tourism in India to increase by 6.8% in 2019

Foreign Exchange Earnings (FEE) from tourism stood at USD 28.9 billion (INR 1.97 trillion) in 2018, which accounted for 5.4 per cent of the total exports, according to a latest FICCI-Yes Bank report. The contribution is further expected to increase by 6.8 per cent in 2019 and rise by 5.6 per cent p a by 2029 to reach INR 3.63 trillion. However, India ranks 14th in terms of absolute FEE and 122nd in terms of share of visitor exports in total export.
India is also the third largest globally in terms of investment in travel & tourism with an investment of USD 45.7 billion (INR 3.12 trillion) in 2018, accounting for 5.9 per cent of national investment. This is expected to increase by 9.4 per cent in 2019 to INR 3.42 trillion, and further rise by 7.4 per cent p a till 2029, taking the share in national investment to 6.1 per cent.