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India’s Remittance Surge
June 20 , 2026
16 hrs 0 min
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- India received over USD 100 billion in workers’ remittances in FY 2025-26, helping cushion the Balance of Payments (BoP) amid weak foreign investments and capital outflows.
- Workers’ remittances reached USD 110.47 billion, a 26% rise from FY 2024-25, while private transfers increased to USD 151.71 billion.
- Remittances helped offset weak Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) inflows and supported foreign exchange reserves.
- The Reserve Bank of India (RBI) uses these foreign currency inflows to build reserves and prevent excessive appreciation of the Indian Rupee (INR).
- The Gulf region's share in India's remittances declined from 47% in 2016-17 to 38% in 2023-24, while contributions from the United States (US) and the United Kingdom (UK) increased.
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