Indians Overseas Travel Spending Falls to $1.09 Billion in March 2026: RBI

Spending by Indians on overseas travel fell to $1.09 billion in March 2026, according to data released by the Reserve Bank of India.  

As per PTI reports, the amount was lower by $212.43 million compared with February, when outward remittances for travel stood at $1.3 billion. In January, the figure was higher at $1.65 billion. 

The data is part of the Reserve Bank’s Liberalised Remittance Scheme (LRS), which tracks overseas remittances made by resident individuals.  

Travel Category Remains Largest Segment 

Total outward remittances under the LRS stood at $2.59 billion in March. Travel continued to account for the largest share of overseas spending during the month. 

Within the travel segment, spending under the ‘other travel’ category stood at $623.05 million. The category includes holiday expenses and international credit card settlements. It accounted for nearly 57% of the total travel outflow recorded in March. 

Education-related travel expenditure, including tuition fees and accommodation expenses, was recorded at $450.16 million. Spending on overseas business travel, pilgrimage, and medical treatment together stood at $21.39 million. 

Other Overseas Remittances 

The RBI data also showed that remittances for maintenance of close relatives abroad rose to $389.78 million in March from $266.18 million in February. 

At the same time, spending under the ‘studies abroad’ category declined to $151.71 million from $175.68 million in February. This category includes payments for foreign educational services accessed remotely, including correspondence and online courses. 

Overseas investments in equity and debt instruments increased to $440.22 million during March, compared with $265.99 million in the previous month.  

Spending on purchase of immovable property abroad declined to $38.68 million from $51.36 million in February. 

Read More: Centre Announces BHAVYA Scheme to Develop 100 Industrial Parks Across India! 

Conclusion 

During 2024-25, outward remittances under the Liberalised Remittance Scheme stood at $29.56 billion, with travel accounting for the largest share at $16.96 billion. 

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