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Remittances to India are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India. India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015.[1][2] Remittances to India stood at US$110 billion in 2022, US$125 billion in 2023 and remittances from India to other countries totalled US$5.710 billion, for a net inflow of US$63.258 billion in 2017.[3][4][5]
As per the Ministry of Overseas Indian Affairs (MOIA), remittance is received from the approximately 35 million members of the Indian diaspora.[6]
- ^ "International Migration at All-Time High". The World Bank. 18 December 2015. Retrieved 27 May 2016.
- ^ "Pakistan 4th largest source of remittances to India". The Business Standard. 24 December 2015. Retrieved 27 May 2016.
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Pewwas invoked but never defined (see the help page). - ^ "Remittances from Indians abroad push India to the top". www.nrirealtynews.com. 22 October 2007. Retrieved 14 March 2009.
- ^ Gupta, Poonam (1 December 2005). Macroeconomic Determinants of Remittances: Evidence from India. International Monetary Fund. ISBN 9781451862430. Retrieved 14 March 2009.
- ^ Cite error: The named reference
eco14was invoked but never defined (see the help page).
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