May 23, 2026
✦Economic Times
LRS outflows up over 10% in March led by travel demand
Indians sent over $2.5 billion abroad in March 2026, a 10% jump! While travel spending dipped a bit, people invested much more in stocks and bonds. Deposits abroad also bounced back strongly. The article said, "travel remained the single largest category." This shows a shift in how money is being sent out.