India's outward remittances under LRS edge up nearly 1% to USD 2.6 billion in July 2026

Key facts

• India's outward remittances under the Liberalised Remittance Scheme (LRS) rose around 1 per cent month on month to USD 2.6 billion in July 2026, according to a 1Lattice analysis based on Reserve Bank of India (RBI) data.
• Travel remained the largest component of India's outward remittances in July 2026, with its share rising to 57 per cent from 54 per cent in June.
• Education's share of India's total outward remittances increased to 6 per cent in July 2026 from 4 per cent in June.
• Remittances towards medical treatment moderated in July 2026, with their share falling to 13 per cent from 18 per cent in June.
• Family maintenance accounted for 11 per cent of India's total outward remittances in July 2026, while gifts contributed 9 per cent, up marginally from 8 per cent in June.
• India's annual outward remittances stood at USD 32 billion in FY24 and USD 29 billion in both FY25 and FY26, with travel's share rising from 54 per cent in FY24 to 57 per cent in FY25 and FY26.