Overview
For September the outward remittance dropped to USD 2.7 billion, from USD 3.2 billion in August, according to the data by 1Lattice. Key factors driving outward remittance remain travel and education.
India's outward remittance has witnessed a significant decrease, approximately by 14% in September 2024, in comparison with the previous month. The data from previous months showcase the oscillating growth in remittance volume.