Money sent abroad by Indians for travel grew 3-fold in Feb’22 as compared to Feb’21: RBI According Reserve Bank of India data, the money sent abroad by Indians for travel grew threefold from $316.81 million in February 2021 to close to $1 billion ($980.45 million) in February 2022. This is under the Liberalised Remittance Scheme (LRS) for resident individuals. It crossed the pre-pandemic level of $539.74 million in February 2020. Indians spent about $3.23 billion for travel, sharply down from $6.95 billion in FY20.

April 22, 2022

According Reserve Bank of India data, the money sent abroad by Indians for travel grew threefold from $316.81 million in February 2021 to close to $1 billion ($980.45 million) in February 2022. This is under the Liberalised Remittance Scheme (LRS) for resident individuals. It crossed the pre-pandemic level of $539.74 million in February 2020. Indians spent about $3.23 billion for travel, sharply down from $6.95 billion in FY20.

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