Markets▼ Negative
India sent $29 billion abroad, but LRS isn't the forex problem, says Capitalmind's Deepak Shenoy
Indian markets moved lower for FY26.
· Business Today Mkts
Indians sent nearly $29 billion abroad under LRS in FY26, but outflows have declined for two consecutive years. Capitalmind CEO Deepak Shenoy says rising overseas investments reflect wealth creation, not a major threat to India's forex reserves.
Key facts
- Period
- FY26