Finance
Mr. BillionhairLRS Remittances Dip 4.1% But Investments Skyrocket Bigly!
Folks, let’s get real! Outward remittances under the LRS are down—4.12% year-on-year! That’s $21.36 billion, folks! Why? Less travel, less education spending! But hold on! Investments in equities? Up 89%! Real estate? Up 106%! Huge wins, folks! Tremendous numbers! I told you so! Big league success in tough times!
few days ago | BS Reporter
Quick rundown
1.RBI's LRS remittances saw a slight dip in FY26.
2.Overseas travel remittances dropped by 4.9% YoY.
3.Investment remittances surged by 89.10% YoY.
4.The LRS scheme allows remittance up to $250,000 annually.
5.Remittances for property purchase increased by 106.52% YoY.
