to India, Top Countries, Amout, Ranking
all you need to know
By Srikanto Mandal
22 Sept, 2022
What is Remittance
Remittances to India are money transfers
from non-resident Indians (NRIs) employed outside the India.
Top Remittance Receiver
India is the top recipient
of remittances and ahead of countries like China and Mexico.
Amout of Remittance
India receives $87 billion in remittances in 2021 and
$89 billion in 2022.
Number of Members
According to MOIA, remittances are received from around
35 million members
of the Indian diaspora.
MOIA stands for
Ministry of Overseas Indian Affairs.
It was devoted to all matters related to the Indian diaspora around the world.
India received $89 billion in remittances in 2021-2022 which is
3% of India's GDP.
Top source of remittance
was the largest source of remittances to India in 2020-21.
Top 5 source country
1. United States
2. United Arab Emirates
3. United Kingdom
5. Saudi Arabaia