Tag: Foreign travel

Indian’s penchant for overseas travel shows no signs of slowing down. Even after two years since the unlocking of international borders, overseas travel and spending by Indians continue to witness robust growth month after month.As per the latest RBI data, Indians have spent $5.5 billion on overseas travel under the RBI’s Liberalised Remittance Scheme (LRS) between April and July of the current financial year. The travel spent in the first four months was higher than what Indians spent in the whole of FY19. Indians spent $4.8 billion on...