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India received highest ever foreign inward remittances in FY 2021-22

India received foreign inward remittances of USD 89,127 million which was the highest ever received in a single year.

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Inward remittances, the transfer of money to India from abroad, are a significant source to boost the country's economy and it has been constantly rising disclosed the Union Minister of State in Finance, Pankaj Chaudhary.

Replying to a question during the ongoing Budget session in the Rajya Sabha, the Minister quoted the Reserve Bank of India (RBI) data which reveals that in fiscal year (FY) 2021-22, India received foreign inward remittances worth USD 89,127 million, the highest ever in a single year.

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