india receives billions of rupees annually from indian expats who send money home to support their families. According to the reserve bank of india (RBI) march 2025 bulletin report, the total foreign remittances received in india during the financial year 2023-24. The survey also identifies the state with the largest volume of foreign remittances.
The RBI march Bulletin 2025 report states that india received USD 118.7 billion in remittances during the 2023–24 fiscal year. With 27.7 percent of the overall remittances, the united states made the largest contribution. The gulf states of the United Arab Emirates, Saudi Arabia, Qatar, Oman, and bahrain together accounted for 38 percent of the USD 118.7 billion that was transferred to india from Muslim-majority nations. This is equivalent to about Rs 3,896.3 billion in indian currency.
Here are some of the key details:
• In the RBI report, it has been stated that in 2023-24, the highest amount of remittances from abroad was sent to maharashtra, a BJP-ruled state.
• maharashtra received 20.5 percent of the total remittances.
• kerala is in the second position on this list, receiving 19.7 percent of the remittances.
• Following kerala are tamil Nadu, Telangana, Karnataka, and Andhra Pradesh, which received 10.4%, 8.1%, 7.7%, and 4.4% of the total remittances, respectively.
• The most significant point is that maharashtra has remained at the top of this list since 2020.
• United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, and bahrain which contribute 38% of the total remittances to india, the uae tops the list.
• indian expatriates living in the uae send more money to india compared to those residing in other gulf nations.
The UAE's percentage of all remittances transferred to india was almost 18% in 2020–21 and 19.2% in 2023–24, according to the RBI research. Actually, the biggest destination for indian migrant laborers is the United Arab Emirates. The majority of foreign workers here are also employed in the tourist, hospitality, healthcare, and construction industries.
The RBI march Bulletin 2025 report states that india received USD 118.7 billion in remittances during the 2023–24 fiscal year. With 27.7 percent of the overall remittances, the united states made the largest contribution. The gulf states of the United Arab Emirates, Saudi Arabia, Qatar, Oman, and bahrain together accounted for 38 percent of the USD 118.7 billion that was transferred to india from Muslim-majority nations. This is equivalent to about Rs 3,896.3 billion in indian currency.
Here are some of the key details:
• In the RBI report, it has been stated that in 2023-24, the highest amount of remittances from abroad was sent to maharashtra, a BJP-ruled state.
• maharashtra received 20.5 percent of the total remittances.
• kerala is in the second position on this list, receiving 19.7 percent of the remittances.
• Following kerala are tamil Nadu, Telangana, Karnataka, and Andhra Pradesh, which received 10.4%, 8.1%, 7.7%, and 4.4% of the total remittances, respectively.
• The most significant point is that maharashtra has remained at the top of this list since 2020.
• United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, and bahrain which contribute 38% of the total remittances to india, the uae tops the list.
• indian expatriates living in the uae send more money to india compared to those residing in other gulf nations.
The UAE's percentage of all remittances transferred to india was almost 18% in 2020–21 and 19.2% in 2023–24, according to the RBI research. Actually, the biggest destination for indian migrant laborers is the United Arab Emirates. The majority of foreign workers here are also employed in the tourist, hospitality, healthcare, and construction industries.
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