India records rise in foreign exchange transactions

Indian officials are optimistic that foreign exchange transactions are set to increase in the country, it has emerged.

Figures from the government recently revealed that the decline in visitor numbers due to the economic slowdown is easing.

Last month saw a 1.9 per cent reduction in people staying in the region compared with the same period last year.

In addition, the country recorded a rise of 8.7 per cent in earnings from foreign exchange transactions, indicating that the sub-continent is increasingly attractive to expats and overseas visitors.

The government revealed that its Visit India 2009 scheme is expected to draw more people to the region, stating it "is very hopeful that foreign tourist arrivals will show positive trends very soon and will continue to gain momentum during the rest of the year".

A Propertyindex.com poll recently highlighted Spain as an affordable destination for Brits making foreign exchange transactions regarding property.

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By John Mills.