
India Remittance 2024: The money coming from abroad in India is increasing continuously and it has now become more important than foreign investment (FDI).
New Delhi:
Indians working abroad have sent a record $ 129.4 billion in 2024 to their country. In the October-December quarter, India has received the highest number of $ 36 billion remedies so far. According to the data of the Reserve Bank of India (RBI), India remains a country to get the top remedies of the world.
India tops in the world, know which countries are ahead?
According to World Bank data, in 2024, India got the highest remedy of $ 129.4 billion. This was followed by Mexico ($ 68 billion) at number two, China ($ 48 billion) on third, Philippines ($ 40 billion) on fourth and Pakistan ($ 33 billion) in fifth place.
Why did the remedy increase? Learn the reason for this
- The number of Indians working abroad has increased rapidly in the last few years. It was 66 lakhs in 1990, which is now 1.85 crores.
- About 50% of Indians living around the world are working in Gulf countries.
- After Kovid-19, the economy of many big countries improved and increased jobs, which also increased the earnings of Indians.
- According to the World Bank, Remittens have now increased more than foreign investment (FDI), which is benefiting India’s economy.
How much did the remedy increase in the last 10 years?
Remedy increased by 57% in the last decade, while foreign investment (FDI) declined by 41%. I India’s global migrants increased from 4.3% to 6%.
Why is Remittens necessary?
Remittance is the money that people working abroad send for their family or investment in their country. This amount is very important for the economy of any country because it increases foreign exchange reserves and strengthens the economic condition of the people of the country. Remedies to India are the highest in the world, which gives great benefit to the country’s economy.
(Tagstotranslate) India Remittance 2024 (T) Indians Abroad Sending Money (T) Record Remittance India (T) RBI Remittance Data (T) Top Receiving Countries (T) NRI MONY Transfer (T) Remittance vs FDI (T) Global Remittance Trends (T) World Bank Remittance Report (T)