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India’s Outward Remittances Surge to Record High Amidst Travel Boom

July Sees $2.8 Billion in Remittances as Leisure Travel and Weddings Drive Spending India has experienced a significant increase in outward remittances, reaching a remarkable $2.8 billion in July 2024, marking the highest level in the past ten months. This surge raises questions about the underlying reasons for such a spike. While many may assume […]