Overview
India's outward remittances declined 13% MoM to USD 2.3B in February 2026, as education and travel spending eased from January's seasonal highs. 1Lattice's analysis of RBI data, featured in ETBFSI, tracks shifts in how Indians send money abroad.
India's outward remittances fell around 13% month-on-month to approximately USD 2.3B in February 2026, down from USD 2.6B in January, according to 1Lattice's analysis of RBI data. The decline was primarily driven by a pullback in education-related transfers and moderating travel spending, both of which had spiked in January. Travel remained the dominant component, contributing roughly 56% of total outflows, though lower than January's 62%. Meanwhile, investments in overseas debt and equity instruments rebounded sharply to USD 266 million from USD 179M, signalling renewed overseas investment activity, while deposits rose 17% MoM. These insights, tracked and compiled by 1Lattice, were featured in ETBFSI, reflecting 1Lattice's ongoing role in decoding cross-border capital flow and remittance trends from India.