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Indian Remittances Growth 2024-25
July 4 , 2025
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- The Indians sent home a record $135.46 billion in remittances in 2024-25, a 14% increase from last year.
- In 2024, Indians abroad sent $129.4 billion, the highest among all countries.
- India leads the world in remittance receipts, ahead of Mexico ($68 billion) and China ($48 billion).
- The number of Indians working overseas grew from 6.6 million in 1990 to 18.5 million in 2024.
- Around half of Indian migrants live in Gulf countries.
- The US draft bill reduced remittance tax for Indian professionals from 5% to 1%, easing money transfers to India.
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