Remittances to India, Top Countries, Amout, Ranking all you need to know

By Srikanto Mandal 22 Sept, 2022

What is Remittance

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Top Remittance Receiver

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Amout of Remittance

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Number of Members

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MOIA

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GDP %

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Top source of remittance

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Top 5 source country

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Remittances to India, Top Countries, Amout, Ranking all you need to know

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

MOIA stands for Ministry of Overseas Indian Affairs. It was devoted to all matters related to the Indian diaspora around the world.

GDP %

India received $89 billion in remittances in 2021-2022 which is 3% of India's GDP.

Top source of remittance

The United States 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 4. Singapore 5. Saudi Arabaia