By Admin 
People of India, who used to send crores of rupees every year for studying, traveling and investment abroad, this time their pocket has been tightened. In February 2025, the total amount sent abroad from India declined by 29 per cent to $ 1,964.21 million. The figure was $ 2,768.89 million in January.
According to data from the Reserve Bank of India (RBI), the total amount sent abroad under the Liberalized Remedy Scheme (LRS) fell 29 per cent to $ 1,964.21 million as of January, compared to $ 2,768.89 million in January. This decline has come at a time when instability in global markets and decline in studies and travel opportunities abroad.
Heavy decline in money sent for travel and studies
The most impact has been on the remittance related to travel and study. The amount sent to travel fell by 33.77 per cent to $ 1,090.61 million in February, which was $ 1,646.74 million in January. At the same time, the money sent for foreign studies also remained almost half. It fell to $ 182.17 million in February as against $ 368.21 million in January. That is, there is a clear decline in the interest of Indians for foreign travel and study.
The dream of studying abroad slowed down
There is now a shortage of Indian students going abroad. According to the report by The Indian Express, for the first time in four years, the number of Indian students has declined simultaneously in Canada, America and Britain, all three big countries. According to 2024 data, study permits received by Indian students in these countries have fallen by at least 25 per cent. It has a direct impact on the money sent for studies abroad.
Effect on travel too
Sources associated with the travel industry say that due to global economic uncertainties, a large number of people either postponed or canceled their foreign travel plans. The ups and downs in the markets have made Indians alert about additional expenses, which has had a direct impact on travel remedies.
An increase in investment
However, some good news has also come out on the investment front. The money sent for investment in foreign shares and bonds has increased. While $ 104.98 million was invested in January, it increased to $ 173.84 million in February. This trend suggests that people are now giving priority to options with safe and possible returns rather than experience and fun.
What is LRS Scheme?
Under the Liberalized Remittance Scheme (LRS), Indian citizens can send a maximum of $ 2,50,000 in every financial year. The money sent under this scheme can be used to buy education, treatment, purchase of property or invest in foreign shares. By March 2024, a total of $ 31.735 billion was sent abroad from India, out of which $ 17 billion was spent on travel alone and $ 3.47 billion on studies.
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