By Admin 
India Tops in Global Remittance List: India has once again been on top in terms of receiving money from abroad. According to the latest report for the year 2024, India has stood first in the global remittance list. According to World Bank estimates, India will receive more than $137 billion in remittances from NRIs in 2024. Which is much more than last year 2023.
India dominates the report
After the arrival of this new report, India has become the only country which has crossed the 100 billion dollar mark. According to the International Migration Organization’s World Migration Report 2026 released on Tuesday, India continues to top the list. Apart from this, Mexico is at second position, Philippines and France are at third and fourth position in this list.
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There has been an increase compared to previous years
India’s remittances from abroad have been continuously increasing over the years; in 2010, this figure was 53.48 billion dollars, which increased to 68.91 billion dollars in 2015. After this, in the year 2020 this figure increased to 83.15 billion dollars and now in 2024 this figure has become 137.67 billion dollars.
The biggest contribution came from Indians settled in America
The biggest contribution to the remittances received by India is from Indians settled in America. Apart from this, a large amount of money also comes to India from Saudi Arabia, United Arab Emirates and Kuwait. Indians working in IT, health services and other sectors and living in America send the maximum amount of money to India. It is because of this that this increase has occurred.
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