Trend in Remittances
News
- According to RBI data, India received $132 billion of remittances in 2024-25, with the figure standing at $108 billion in the first three quarters of 2025-26.
- According to the RBI’s latest survey on remittances, inflows from the Gulf countries of UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain had declined to 38% of the overall figure in 2023-24 from 47% in 2016-17.
- Meanwhile, money being sent to India has risen from advanced countries such as the US and the UK.
- Remittances are a key source of foreign exchange for India as it helps offset some part of the country’s trade deficit, which is under pressure due to a sharp rise in global energy prices and the rapid depreciation of the rupee.