This state in India is receiving maximum foreign money not Uttar Pradesh, Kerala, Rajasthan, Karnataka, Bihar, Tamil Nadu, the name is…, the amount is Rs…

In the RBI report, it has been stated that in 2023-24, the highest amount of remittances from abroad was sent to Maharashtra, a BJP-ruled state.

Mar 23, 2025 - 20:30
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This state in India is receiving maximum foreign money not Uttar Pradesh, Kerala, Rajasthan, Karnataka, Bihar, Tamil Nadu, the name is…, the amount is Rs…

New Delhi: Yearly, billions of rupees dawdle with the circulate into India from Indian expatriates living in a single more country who ship funds to their families. In step with the Reserve Financial institution of India (RBI) March 2025 bulletin file, the whole foreign remittances got in India for the duration of the financial 365 days 2023-24. Additionally, the file furthermore highlights which yelp got the final notice amount of foreign remittances.

At some stage within the 2023-24 financial 365 days, India got USD 118.7 billion in remittances, based on the RBI March Bulletin 2025 file. The very best contribution got right here from the United States, accounting for 27.7 p.c of the whole remittances.

Among Muslim-majority international locations, the Gulf countries—United Arab Emirates, Saudi Arabia, Qatar, Oman, and Bahrain—collectively contributed 38 p.c of the whole USD 118.7 billion sent to India. In Indian forex, this amounts to roughly Rs 3,896.3 billion.

Right here are a couple of of the major particulars:

  • Within the RBI file, it has been acknowledged that in 2023-24, the final notice amount of remittances from in a foreign country became sent to Maharashtra, a BJP-dominated yelp.
  • Maharashtra got 20.5 p.c of the whole remittances.
  • Kerala is within the 2d yelp on this listing, receiving 19.7 p.c of the remittances.
  • Following Kerala are Tamil Nadu, Telangana, Karnataka, and Andhra Pradesh, which got 10.4%, 8.1%, 7.7%, and 4.4% of the whole remittances, respectively.
  • The biggest level is that Maharashtra has remained on the head of this listing since 2020.
  • United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, and Bahrain—which contribute 38% of the whole remittances to India, the UAE tops the listing.
  • Indian expatriates living within the UAE ship extra money to India when when put next with those residing in other Gulf countries.

In step with the RBI file, the UAE’s portion within the whole remittances sent to India became roughly 18% in 2020-21, which increased to 19.2% in 2023-24. In actuality, the UAE is the best hub for Indian migrant workers. Additionally, most expatriates listed below are employed within the construction industry, healthcare, hospitality, and tourism sectors.

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