Liberalised Remittance Scheme (LRS) Archives

26 Feb 2022

Fall in outward remittances good news for India’s current account

India’s outward remittances fell by as much as $6 billion in FY21 as the pandemic put brakes on ordinary overseas travel and student traffic to campuses abroad, partly contributing to the current account surplus of $24 billion.

Tags: current account, Liberalised Remittance Scheme (LRS), outward remittances
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