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Indians send home $135 Billion - a record!

The Island

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July 01, 2025

The Indian diaspora sent home $135.46 billion in the last fiscal year, the highest on record.

- BY S VENKAT NARAYAN

According to latest balance of payments data released by the Reserve Bank of India (RBI), gross inward remittances by overseas Indians, as reflected in ‘private transfers’, were 14% higher from the previous year.

India has been the biggest recipient of diaspora remittances for more than a decade now. The inflows have more than doubled in eight years—from $61 billion in FY17.

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