Indians spend over $1 bn monthly on foreign travel in Apr-Dec FY23
Outward remittances under LRS for travel stood at $9.95 billion, up from $4.16 billion during the same period last year and $5.4 billion during FY21.
remittance
February 2023
July 2022
April 2020
US overtakes UAE to become top remittance source for India
The US surpassed the UAE as the top source country, accounting for 23% of total remittances in the financial year 2020-21, finds RBI survey.
The economics of the govt’s stimulus indecision
The delay in stimulus announcement is disappointing and raises the probability that a stimulus, if any, might be weaker than expected, says Jefferies India.
