Drop in arrival of tourists to India affects foreign exchange earnings

The drop in arrival of foreign tourists to India has adversely affected the tourism trade and there is a drop in foreign exchange earnings. Based on the latest data released by the tourism ministry, it appears that foreign tourists do not see India as a good destination.
This has been reported in timesofindia.indiatimes.com dated 12 December 2015.

It is a fact that growth in foreign tourist arrivals has dropped to a two-year low of 4.5% with 7.1 million visiting India till November this year. This is seen in popular tourist spots like Goa, Delhi, Maharashtra, Andhra Pradesh and Kerala. All of these have registered a drop in foreign tourist visits in 2014 as compared to the previous year.
As far as statistics go - Foreign tourist arrivals (FTAs) during the period January- November 2015 was 7.1 million with a growth of 4.5%. The corresponding figure in 2014 was 7.68 million with a growth of 10.2%.
As a result of this trend, foreign exchange earnings have dropped from USD 2023 million in 2014 to 1768.5 million reflecting a negative growth of 3.8%.
The worst part is that foreign exchange earnings in November 2015 registered a decline of a drastic 15.2% over November 2014 as compared to positive growth of 6.9% in November 2014 over November 2013. This is not a good sign and is bad news since this is India's peak tourist season.

(Image courtesy wikimediacommons.org)

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