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.
