Remittances to India

September 5, 2025 - According to World Bank data, remittances to India rose from approximately $2 billion in 1990 to $82.2 billion in 2019, reflecting a remarkable growth trajectory. This migration wave saw a corresponding increase in remittance flows, which continued to grow through the 21st century despite global ...

April 5, 2025 - Meanwhile, the share from Gulf ... inward remittances more than doubled from USD 55.6 billion in 2010-11 to USD 118.7 billion in 2023-24....

December 6, 2022 - Remittance flows to India were enhanced by the wage hikes and a strong labor market in the United States and other OECD countries. In the GCC destination countries, governments ensured low inflation through direct support measures that protected ...

Migration and remittances have always been an exciting arena of research for economists around the globe. Remittance flows have evolved as a significant economic variable over the past decade. In several developing countries, remittances exceed the ...

In 2023, remittance flows to LMICs are estimated to have increased by 0.7 per cent to reach USD 656 billion (Ratha et al., 2024). This growth is much slower than the sharp increases recorded in 2021-2022 after the Covid-19 pandemic (ibid.). ...

June 30, 2025 - India Business News: India received $135.46 billion in remittances in FY24, double the 2016-17 level. RBI data shows India as world’s top remittance recipient again.

April 20, 2025 - Remittances inflow: Doubled to USD 118.7 billion in 2023-24 (compared to 2011). Top 5 source countries for India (2023-24): US (27.7%) followed by the UAE, the UK, Saudi Arabia, and Singapore.

4 Of the total global remittances of USD 514 billion sent in 2012, USD 109 billion was remitted to South ... India‟s Balance of Payments. Table 1 below provides data on flow of remittances to

January 28, 2025 - The growth rate of remittances ... and Middle-Income Regions, 2017–24 · The top five recipient countries for remittances in 2024 are India, with an estimated inflow of $129 billion, followed by Mexico ($68 billion), China ...

June 26, 2024 - “Growing at 7.5 per cent, remittance flows to India touched USD 120 billion in 2023, reflecting the benefits of a deceleration in inflation and strong labour markets in the United States, the largest destination for India’s skilled migrants, ...

Personal remittances, received (current US$) - India from The World Bank: Data

March 31, 2025 - Overseas Indians sent home a record $129.4 billion in 2024, with $36 billion in the December quarter alone. India has topped global remittances for over 25 years, driven by skilled migration to developed economies and the GCC.

June 26, 2024 - However, in its latest Migration ... Singapore are expected to reduce costs and speed up remittances. India received remittances worth $120 billion in 2023, supported by strong labour markets in the United States and ...

April 17, 2025 - India’s top 10 remittance sources in FY24: India has emerged as one of the world’s leading recipients of remittances, with inflows more than doubling from US$ 55.6 billion in 2010-11 to US$ 118.7 billion in 2023-24, according to the Reserve ...

July 1, 2025 - India received record $135.46 bn diaspora remittances in FY25, rising by 14%, offsetting 47% of the $287 bn trade deficit.

• Growing at 7.5 per cent, remittance flows to India touched $120 billion in 2023, reflecting the benefits of a deceleration in inflation and strong labour markets in the United States, the largest destination for India’s skilled migrants, ...

Remittances in India decreased to 23211 USD Million in the first quarter of 2025 from 23573 USD Million in the fourth quarter of 2024. This page provides - India Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

September 13, 2025 - Remittances to India stood at US$68.968 billion in 2017 and outward remittances from India to other countries totalled US$5.710 billion, for a net inflow of US$63.258 billion in 2017.

March 19, 2025 - India's remittances have more than doubled from $55.6 billion in 2010-11 to $118.7 billion in 2023-24.

December 19, 2023 - The main contributing factor to rising remittances to India was declining inflation and strong labour markets in high-income source countries, which boosted remittances from skilled Indians in the United States, United Kingdom, and Singapore.