India earns INR 5.54 lakh crore in forex from tourism: Govt
India has earned INR 5,54,657 crore in foreign exchange from tourism between 2019 and May this year, shows the latest government data. Overall, 2019 saw a total earning of INR 2,16,467 crore, which is the highest in these five years but the very next year this dropped to its lowest at INR 50,136 crore and, the next year too, it was only INR 65,070 crore.
“Both 2020 and 2021 were hit by Covid lockdown and even domestic tourists were not allowed to go out. This is the reason for lower foreign exchange earnings in those two years,” said a senior official from the Ministry of Tourism.