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As Gulf Fades, West Rises in India’s $100-Billion Remittance Economy
The Reserve Bank of India’s latest survey on inward remittances for FY2023–24 offers more than just a statistical snapshot.
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R Suryamurthy - Tue, 29, Apr 2025
- 23:47 EDT
- 325
RBI logo. / Wikimedia Commons
India’s remittance economy is undergoing a quiet revolution. The Reserve Bank of India’s latest survey on inward remittances for FY2023–24 offers more than just a statistical snapshot—it marks a structural shift in how, where, and why Indians are sending money home. For a country that received over $100 billion in remittances in 2022, these shifts are no longer just footnotes—they are the frontlines of global labor, finance, and policy realignment.
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