Changing Dynamics of India’s Remittances
Published on 10 Oct 2025
The Reserve Bank of India's recent survey highlights a shift in India's remittance sources, with advanced economies surpassing Gulf nations.
In FY24, the U.S. contributed 27.7% of total remittances, up from 23.4% in FY21, while the U.K.'s share increased to 10.8% from 6.8% in the same period.
The UAE remained the second-largest source at 19.2%.
States like Maharashtra (20.5%), Kerala (19.7%), and Tamil Nadu (10.4%) were the top recipients.
Notably, remittances exceeding ₹5 lakh accounted for 28.6% of the total, whereas transfers of ₹16,500 or less constituted 40.6%
