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.

Global uncertainty leads to a 2% decline in India's FY26 overseas remittances under LRS, impacting education and travel spending.

MUMBAI: Total outward remittances under the Liberalised Remittance Scheme (LRS) witnessed a contraction in FY26, dropping about 2% to $29 billion from the $29.6 billion recorded…

Indians sent $2.59 billion abroad in March 2026 via the Liberalised Remittance Scheme. This marked a 10.9% increase from the previous month. Travel spending saw a seasonal dip.…

Indians remitted $2.59 billion abroad in March 2026, marking a 10.9% monthly increase, driven by strong recovery in deposits and surging investments in equity and debt.

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.

The RBI data on LRS for Resident Individuals' shows overseas spending by Indians under different categories, including travel, maintenance of close relatives, studies abroad,…

Indians’ spending on overseas travel fell to USD 1.09 billion in March from USD 1.3 billion in February, according to RBI data on outward remittances under the Liberalised…

Indians sharply cut back on overseas travel spending in March, with remittances for foreign trips dropping by more than $212 million from the previous month, according to Reserve…