Indian Outward Remittances Dip to $29 Billion in FY26 Amid Shifting Economic Trends
Overview of Spending Trends Indian residents reduced their foreign exchange spending by 2% during the 2026 fiscal year, with total outward remittances under the Liberalised Remittance Scheme (LRS) settling at $29 billion. According to data released by the Reserve Bank of India (RBI), this contraction marks a notable shift from the aggressive growth patterns observed…