Foreign Tourist Arrivals and Foreign Exchange Earnings During the years 2000-2012

Indian tourism has been growing consistently with each passing year (apart from the pandemic years). 

Between 2000 and 2012, the revenue from foreign exchange generated by tourism increased, and foreign tourists are one of the main sources of earnings in different sectors in India. Moreover, the increase in tourism boosted the annual income of many fields, such as transportation, medical, infrastructure, food, and the hospitality sector in general. It also increased the nature conservation efforts by the government to maintain the environment’s beauty to attract maximum numbers of travellers across the country.

According to India’s Ministry of Tourism, India ranked 34th worldwide for attracting foreign tourists. Just in 2010 alone, approximately 5 million tourists came to India; and the revenue was in the billions. This consequently led to the economic growth of the country from several fronts. However, COVID-19 struck a severe blow to the Indian tourism industry, and the foreign exchange earnings from tourism fell by about 97% between 2020 and 2022. 

Foreign Tourist Arrivals from 2000 to 2012

Tourism plays an important role in the growth of India’s economy. Tourism is one of the largest sources of foreign exchange earnings in India. Tourism has been increasing steadily; the number of incoming tourists to India grew threefold to 6 million in 2012 compared with 2 million in 2000. As tourism grows, it also boosts other sectors. The benefits that India has gotten through the foreign tourist from 2000 to 2012 years are listed below:-

Benefits of Foreign tourist arrival in India from 2000 to 2012

• From the years 2000 to 2012, the growth in tourism in India has supported the economic growth in different fields like hotels, tourist guards, the economy of medical treatments for foreigners in hospitals, travelling sources, and many more.
• Most of the tourists that benefited the Indian economy from the year 2000 to 2012 had come from countries such as the US, Bangladesh, the UK, Australia, Canada, China, Sri Lanka, Germany, and Russia. However, these countries are the main source of tourism for the economic growth of the country.
• The annual revenue of India from tourism grew from Rs 15,000 crore to Rs 95,000 crores between the years 2000 to 2012.
• The government has made lots of efforts to improve the environmental factors that can help in improving the states that have the most attractive tourist points in India, such as Maharashtra, Delhi, Gujarat, Goa, Bihar, Uttar Pradesh, Karnataka, and Kerala.
• Tourism is one of the supportive factors in improving environmental health. The government takes care of the environment to attract tourists, and some creative minds are also illustrated to make the environment even more beautiful and green.
• Cleanliness is at its peak due to foreign tourists’ arrival. Cleanliness is the major priority for the government to make our country more inclusive.
• Make the country socially active. If tourist arrival consistency is always there, then the country decides concerning another country. We learn to have friendly gestures with other countries to get good ideas and mutual understanding for the country.

Foreign Exchange Earnings During the years 2000-2012

Foreign exchange earnings, in this case, refer to the earnings from the selling of products and services in the global market through tourist attractions. The global foreign exchange earnings increased due to the selling and purchasing of goods and services.

The values for the foreign exchange earnings from the year 2000 to 2012 are listed below:-

• 2000: approximately $1.18 billion.
• 2001: approximately $2.22 billion.
• 2002: approximately $3.12 billion.
• 2003: approximately $4.34 billion.
• 2004: approximately $6.17 billion.
• 2005: approximately $7.49 billion.
• 2006: approximately $8.56 billion.
• 2007: approximately $10.64 billion.
• 2008: approximately $11.34 billion.
• 2009: approximately $14.32 billion.
• 2010: approximately $15.31 billion.
• 2011: approximately $16.74 billion.
• 2012: approximately $17.68 billion.

Travel and tourism have a great impact on a country’s economy. Between 2000 and 2012, there was a gradual increase in foreign exchange earnings, but between 2020 and 2022, there was almost a 97% drop due to the COVID-19 pandemic. Foreign exchange earnings from tourism in India in 2021 were $12 billion only. 

Conclusion

The article is all about the tourist attraction sources of India and the benefits that we got from the tourist attraction sources in the country between 2000-and 2012. It also explained the foreign exchange benefits that we got from the other countries. It explains how the annual revenue of the country has gradually increased from tourism between the years 2000 to 2012. The article also explained the overall details of the foreign exchange earnings in numbers for the years 2000 to 2012. Any person who wants to know about foreign tourism and foreign exchange earnings in the years 2000 to 2012 in India can go through the article and clarify their concepts regarding the topic.