❖ India sent out 18.7 million emigrants in 2023.

❖ India’s inflow of remittances is forecasted to grow at 3.7% in 2024, while it grew at 7.5% in 2023.

❖ The growth estimate for 2025 is 4%

. ❖ India received $120 billion in remittances in 2023

. ❖ The expectation for 2024 is $124 billion, and it is $129 billion in 2025.

❖ India was the country which received the highest amount in remittances in 2023.

❖ It is followed by Mexico at $66 billion, China at $50 billion, the Philippines at $39 billion, and Pakistan at $27 billion

.❖ The UAE is accounted for 18% of India’s remittance flows

. ❖ Saudi Arabia, Kuwait, Oman, and Qatar are collectively accounted for 11% of India’s total remittances.

❖ The UAE is accounted for 18% of India’s remittance flows.

❖ Saudi Arabia, Kuwait, Oman, and Qatar are collectively accounted for 11% of India’s total remittances.