{
 "name": "India Inward Remittances (Private Transfer Receipts)",
 "unit": "USD billion (fiscal year, April-March)",
 "dashboard": "https://bankpulse.ai/dashboards/remittances/",
 "source": "RBI Balance of Payments / Annual Report (private transfer receipts); World Bank Migration & Development data (calendar-year framing)",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-20T06:10:03+05:30",
 "dateModified": "2026-06-20T06:10:03+05:30",
 "method": "Inward remittances reported by the RBI as private transfer receipts within the Balance of Payments, fiscal-year basis; World Bank estimates use calendar years and can differ slightly.",
 "note": "Rounded and approximate; FY2024-25 provisional; NOT in the Verified-numbers ledger pending reviewer sign-off. India is the world's largest remittance recipient: ~$119bn in FY2023-24 (record), provisional ~$135bn FY2024-25, up from ~$61bn FY2016-17, roughly 3% of GDP. Largest sources: United States ~23%, UAE ~18%.",
 "top_sources": [
  {
   "country": "United States",
   "share_pct_approx": 23
  },
  {
   "country": "United Arab Emirates",
   "share_pct_approx": 18
  },
  {
   "country": "United Kingdom",
   "share_pct_approx": 7
  },
  {
   "country": "Saudi Arabia",
   "share_pct_approx": 5
  },
  {
   "country": "Singapore",
   "share_pct_approx": 5
  }
 ],
 "series": [
  {
   "fiscal_year": "FY2016-17",
   "usd_bn": 61.0,
   "approximate": true,
   "note": "Post-demonetisation year; Gulf still the dominant source"
  },
  {
   "fiscal_year": "FY2018-19",
   "usd_bn": 76.0,
   "approximate": true,
   "note": "Steady growth as overseas Indian workforce expands"
  },
  {
   "fiscal_year": "FY2019-20",
   "usd_bn": 83.0,
   "approximate": true,
   "note": "Pre-pandemic peak before COVID disruption"
  },
  {
   "fiscal_year": "FY2020-21",
   "usd_bn": 80.0,
   "approximate": true,
   "note": "Remarkably resilient through COVID (World Bank flagged India)"
  },
  {
   "fiscal_year": "FY2021-22",
   "usd_bn": 89.0,
   "approximate": true,
   "note": "Recovery as Gulf and Western economies reopen"
  },
  {
   "fiscal_year": "FY2022-23",
   "usd_bn": 112.0,
   "approximate": true,
   "note": "First time above $100bn; advanced-economy share rising"
  },
  {
   "fiscal_year": "FY2023-24",
   "usd_bn": 119.0,
   "approximate": true,
   "note": "Record inflow; India the world's largest recipient"
  },
  {
   "fiscal_year": "FY2024-25",
   "usd_bn": 135.0,
   "approximate": true,
   "note": "Provisional / indicative, pending final RBI BoP data"
  }
 ]
}