Global Trade Alert
Global Trade Alert

India: Strengthened restrictions on remittances by individuals with residency in India

Announcement

14 Aug 2013

In August 2013, the government of India announced a change for the labour market access of foreign workers.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

14 Aug 2013

Revocation date:

No revocation date

Labour market access

On 14 August 2013, the Reserve Bank of India (RBI) reduced the total amount of remittances allowed to be sent abroad by individuals with residency in India under the Libearalized Remittance Scheme (LR...

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