Wealthy Indians Quadruple Overseas Investment Post-Covid via LRS, Drive Global Diversification

• LRS investment remittances by wealthy Indians surged four-fold post-Covid, from $400 million in 2019 to $1.7-1.8 billion annually.
• Overall LRS remittances nearly doubled from $14 billion to $30 billion annually, indicating a structural shift in HNI portfolio diversification.
• The shift reflects discomfort with domestic concentration risk and a move towards global diversification, with alternates embedded in portfolios.
• GIFT City is becoming a key channel for outbound investments due to lower regulatory and tax friction, broadening access to global assets.
• Experts highlight the growing need for greater transparency in Alternative Investment Funds (AIFs) performance data as the market matures.

Why It Matters: Post-Covid, wealthy Indians are aggressively diversifying globally, quadrupling LRS investment remittances.