The Economic Times

In Graphics: Money sent overseas through the Liberalised Remittance Scheme declines in the past two years

Overseas money transfers via India's Liberalised Remittance Scheme have stabilized recently, with outflows hovering around $30 billion. While education remittances have significantly dropped due to international restrictions, investments in foreign equity and debt markets are booming, nearly doubling in three years. This shift highlights a changing pattern in how Indians are sending money abroad.