Changing Dynamics of India’s Remittances
On 19th March 2025, the Reserve Bank of India (RBI) published the results of the sixth round of the survey on India’s remittances for 2023-24.
What are the key findings?
Status of Remittance
- India's total remittances have more than doubled, rising from USD 55.6 billion in 2010-11 to USD 118.7 billion in 2023-24.
- As a ratio to GDP, India’s remittances have hovered around 3 per cent of GDP since 2000.
Source of Remittances
- The United States became the largest source of these remittances, contributing 27.7% of the total in 2023-24, followed by the United Arab Emirates (UAE) at 19.2%.
- The ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Dinesh Khara Committee
- 2 Bond Central
- 3 Grameen Credit Score: A New Chapter in Rural Finance
- 4 Expansion of e-NAM Platform
- 5 RBI Survey on Farmer’s Share of Consumer Prices
- 6 New Maritime Initiatives to Enhance India’s Global Trade
- 7 Tobin Tax
- 8 SEBI Proposes Fast-Track Follow-On Offers for REITs & InvITs
- 9 Sustainability and Circularity in Dairy Sector
- 10 Revised Guidelines for Market Intervention Scheme