"India Tops $120 Billion in Remittances for 2023 led by US Inflows.

Economy Business

In 2023, India received a record $120 billion in remittances, according to the World Bank, with the majority originating from the United States. This influx highlights the crucial role of overseas Indian workers in supporting the country's economy. Remittances are a vital source of income for many Indian families, contributing significantly to household finances and national foreign exchange reserves.


      India received the highest remittances in 2023, which was twice as much as what Mexico received at $66 billion.

     

     

 

     


          ____________________________