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Migration wave lifts India's remittances from AEs
Business Standard
|March 20, 2025
According to insights from the sixth round of India's Remittances Survey, there has been a gradual shift in the dominance of India's remittances away from GCC countries.
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The findings of the survey are discussed in the article Changing Dynamics of India's Remittances in the Reserve Bank of India's (RBI's) March 2025 bulletin. The data shows that the growth of remittances from AEs outpaced that of the GCC, resulting in more money coming in from these countries.
The US remained the largest contributor to India's total remittances, with its share rising to 27.7 per cent in FY24 from 23.4 per cent in 2020-21 (FY21), reflecting a steady recovery in the US job market.
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