India's outward remittances under LRS fell 2% to $29 billion in FY26, driven by a sharp 20.9% decline in overseas education spending and reduced international travel expenses.
Overseas education expenditure has also seen a drop
May 23, 2026
05:20 pm
What's the storyThe total outward remittances under the Liberalized Remittance Scheme (LRS) have fallen by some 2% in FY26.
The decline is from $29.6 billion in FY25 to $29 billion this fiscal year.
Forex spends by Indians drop 2% to $29 billion in FY26
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Indians sent $2.59 billion abroad in March 2026 via the Liberalised Remittance Scheme. This marked a 10.9% increase from the…
