Outward remittance under LRS fell 6.85%

India's outward remittances under the Liberalised Remittance Scheme (LRS) moderated 6.85 per cent year-on-year (Y-o-Y) to $29.56 billion in FY25, after rising to an all-time high of $31.73 billion in FY24, amid global uncertainty, muted domestic income growth, and high base effect.

- AATHIRA VARIER

In March 2025, outward remittances grew by 10.65 per cent Y-o-Y to $2.55 billion due to growth in international travel, latest data released by the Reserve Bank of India (RBI) showed. In March, the international travel segment posted 12.3 per cent Y-o-Y growth to 1.12 billion. While most of the leading components registered growth, transfers for studies abroad and