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
Premium

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com