According to data released by the Reserve Bank of India (RBI), outward remittances under the Liberalised Remittance scheme stood at _______during the April–January period.

Solution

According to data released by the Reserve Bank of India (RBI), outward remittances under the Liberalised Remittance scheme stood at $22.08 billion during the April–January period.In January 2023 alone, the amount remitted overseas totalled $2.72 billion.    According to RBI data, in January 2023, outward remittances by Indians under the scheme for overseas education were $395.87 million.It was followed by $342.47 million for the maintenance of close relatives, and $223.22 million as gifts.