Indian tourists hit new overseas spending peak, spent $31.7 billion under Liberalised Remittance Scheme overseas in FY 24

Breaking Boundaries, Indian travellers have reached a new peak in overseas spending. According to data from India’s central bank, Indians spent $31.7 billion overseas under the Liberalised Remittance Scheme, in fiscal 2024. More than half of that- 54% was on international travel $17 billion, a 25% increase from the previous year.