Remittances in India decreased to 23211 USD Million in the first quarter of 2025 from 23573 USD Million in the fourth quarter of 2024. This dataset provides - India Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The value of remittances to India outweighed the value sent to other countries about ** times in 2021, according to a ranking that maps the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about *** in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For India, the top five recipient countries for remittances in 2021 included Bangladesh, Nepal, China, Sri Lanka, and the United States. India's main sources for remittances were the United Arab Emirates, the United States, Saudi Arabia, Oman, and Kuwait.

The dataset contains year- and month-wise compiled data from the year 2011 to till date on the value of different types of remittances (money transacted) which have been by Indian resident individuals, under the Liberalised Remittance Scheme (LRS). The types of remittances made include Deposits, Donations, Gifts, Investment in equity/debt, Maintenance of close relatives, Medical Treatment, Purchase of immovable property, Studies Abroad, Travels, etc.

Notes:

1. The Liberalised Remittance Scheme enables all resident individuals, including minors, to freely remit up to USD 2,50,000 per financial year for any permissible current or capital account transaction or a combination of both. Further, resident individuals can avail of foreign exchange facility for the purposes mentioned in Para 1 of Schedule III of FEM (CAT) Amendment Rules 2015, dated May 26, 2015, within the limit of USD 2,50,000.

Graph and download economic data for Remittance Inflows to GDP for India (DDOI11INA156NWDB) from 1975 to 2020 about remittances, India, and GDP.

The share of digital remittances in money leaving the U.S. for India stayed relatively the same in 2024, with digital options being more common than cash. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the U.S. towards India. The United States was the number two country of origin for remittances to India, while the Asian country was the second-highest likely destination of remittances from the United States. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

The dataset contains year and country wise share in India's inward remittances Note: For 2023-24, shares are derived based on two major components of inward remittances – (a) transfers for family maintenance and savings; (b) local withdrawals from non-resident deposit accounts.

Remittance inflows to GDP (%) in India was reported at 3.1169 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

India was Canada's main destination for remittances in 2021, according to a country ranking on the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about ************ people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Canada, the top five recipient countries for remittances in 2021 included India, the Philippines, China, France, and Pakistan. Canada's five main sources for remittances were - by a large margin - the United States, followed by the UK, Australia, France, and Italy.

In the financial year 2022, the foreign inward remittances to India from the UAE (United Arab Emirates) as a share of remittances from across the world, was ** percent, the highest among other GCC nations. Saudi Arabia and Kuwait followed with over * and * percent share in foreign remittances. ** percent of overseas Indians reside in GCC countries. GCC, or the Gulf Cooperation Council, is a group of six nations – Saudi Arabia, UAE, Oman, Kuwait, Qatar and Bahrain.

The dataset contains State wise Share in Inward Remittances Note: (i) For 2023-24, shares are derived based on two major components of inward remittances – (a) transfers for family maintenance and savings; (b) local withdrawals from non-resident deposit accounts. ii) In 2023-24, the data for all States/UTs are presented which were otherwise classified under the ‘Others’ category in previous rounds of the survey.

This dataset contains the yearly data on the outward remittances from India for different purposes like donations, gifts, investments abroad, property purchases, education, medical expenditure, travels and so on.

Nearly ** percent of remittances sent from the United States to India were handled by either Western Union or MoneyGram in 2024. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the United States and which sent money to India, specifically. The United States was the number two country of origin for remittances to India, while the Asian country was the second-highest likely destination of remittances from the United States. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore - by definition - estimates.

The biggest receivers of remittances in the world included India, Mexico, and China in 2023, with each country receiving **************** worth of dollars. This is according to a database that tries to model money sent internationally from one party to another. Remittances typically refer to money sent from migrant workers back home to family and friends, although there are other forms of this. Remittances can, for example, include pensioners who have a second home in a foreign country. Nevertheless, Asia Pacific is often referred to as the main receiver of remittances.

India All States: Capital Expenditures: Remittances data was reported at 1,388,963.500 INR mn in 2019. This records an increase from the previous number of 1,313,095.300 INR mn for 2018. India All States: Capital Expenditures: Remittances data is updated yearly, averaging 1,523,087.550 INR mn from Mar 2004 (Median) to 2019, with 16 observations. The data reached an all-time high of 2,973,756.600 INR mn in 2016 and a record low of 604,512.200 INR mn in 2004. India All States: Capital Expenditures: Remittances data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FI001: Capital Expenditure: All States.

The value of remittances sent from Qatar to other countries in 2021 was over ** times bigger than the value received from from abroad. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Qatar, the top five recipient countries for remittances in 2021 included India, Egypt, Pakistan, the Philippines, and Nepal.

Personal remittances sent from the UK almost reached their highest level in 2024, nearly reaching the same height as in 2014. This is according to a calculation that looks at personal money transfers and cross-country compensation of employees, on an annual basis. These two types of payments together form "personal" remittances. While technically not the same as "total" remittances, oftentimes the two types of remittances have the same figures due to a general lack of data tracking. Most of the remittances leaving the UK are said to go to India, although those estimates are solely based on migrant stock.

India Outward Remittances: Liberalised Remittance Scheme data was reported at 1.139 USD bn in Sep 2018. This records a decrease from the previous number of 1.427 USD bn for Aug 2018. India Outward Remittances: Liberalised Remittance Scheme data is updated monthly, averaging 105.441 USD mn from Apr 2008 (Median) to Sep 2018, with 126 observations. The data reached an all-time high of 1.427 USD bn in Aug 2018 and a record low of 39.200 USD mn in Feb 2009. India Outward Remittances: Liberalised Remittance Scheme data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Monetary – Table IN.KAI021: Outward Remittance: Liberalised Remittance Scheme.

Money transfers to other countries outside the United Kingdom were nearly ** times higher in 2021 than money received. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about *** in ***** people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For the United Kingdom, the top five recipient countries for remittances in 2021 included India, Pakistan, Nigeria, France, and Germany. The UK's five main sources for remittances were Australia, the United States, Canada, Spain, and Ireland.

The dataset contains All India and Yearly Outright Remittances under the Liberalised Remittances Scheme for Resident Individuals by Purpose

Note: 1. Others include items such as subscription to journals, maintenance of investment abroad, student loan repayments, credit card payments etc.( till 2008-09 also includes education, travel, maintenance of close relatives and medical treatment.) 2. Under Liberalised Remittance Scheme (LRS), currently the residents are permitted to remit up to an amount of US $ 2,00,000 per financial year (April-March) for any permitted current or capital account transactions or a combination of both with effect from September 26, 2007. The LRS Scheme was introduced in February 2004 to facilitate resident individuals to freely remit up to US $ 25,000 per calendar year, which was enhanced to US $ 50,000 per financial year in December 2006; to US $ 1,00,000 per financial year in May 2007; and to US $ 2,00,000 per financial year in September 2007.

India BoP: Cr: Current Acc: Income: Secondary: PT: Workers' Remittances data was reported at 12.589 USD bn in Dec 2018. This records a decrease from the previous number of 14.468 USD bn for Sep 2018. India BoP: Cr: Current Acc: Income: Secondary: PT: Workers' Remittances data is updated quarterly, averaging 9.112 USD bn from Jun 2009 (Median) to Dec 2018, with 39 observations. The data reached an all-time high of 14.468 USD bn in Sep 2018 and a record low of 5.999 USD bn in Sep 2010. India BoP: Cr: Current Acc: Income: Secondary: PT: Workers' Remittances data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.JEA012: Balance of Payments: BPM6: USD: Current Account.