PREVIOUS
✖
Sixth round of India’s Remittance Survey 2023/24
March 23 , 2025
2 days
72
0
- India's remittances have more than doubled from $55.6 billion in 2010-11 to $118.7 billion in 2023-24.
- India’s total remittances has jumped to $129 billion in 2024, with a 14.3 percent share of global flows.
- US surpassed UAE to become the largest contributor with a 27.7 percent share in India’s total remittances.
- The UAE’s share during this period declined from 26.9 percent to 19.2 percent.
- Similarly, the United Kingdom, which just had a 3 percent share in 2016-17, has replaced Saudi Arabia with a 10.9 percent share in 2023-24.
- Maharashtra received the largest share of 20.5 per cent in 2023-24.
- Kerala followed closely with its share increasing to 19.7 per cent from about 10 per cent during the same period.
- It is followed by Tamil Nadu (10.4 per cent), Telangana (8.1 per cent), and Karnataka (7.7 per cent).
Leave a Reply
Your Comment is awaiting moderation.