Business Standard

Indian investments in foreign stocks, property touch a record high in Dec

More than $2 billion invested last year amid diversification push

investment, funding

Sachin P Mampatta Mumbai
The amount of money Indians invested in foreign securities, property, and deposits in 2022 was likely the highest on record.
At $2.1 billion, it was the largest spend for any 12-month period according to the Reserve Bank of India’s (RBI’s) data going back over a decade.

The amount spent for each individual segment was also the highest. Foreign deposits, property, as well as shares and other investments each hit a new peak in December 2022 on a rolling 12-month basis.

The government allows Indians to spend $250,000 for various purposes abroad under the liberalised remittance scheme (LRS). This can also be

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First Published: Feb 21 2023 | 8:52 PM IST

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