US, Saudi Arabia, UAE, Qatar, Kuwait, UK: Which country sends the most remittances to India? 2nd on the list will surprise you, top sender is…

India remains to be the arena’s top remittance recipient, with inflows reaching $118.7 billion in 2023-24 nonetheless conclude you which is the nation that sends doubtlessly the most remittance to India? Is it the US, Saudi Arabia, UAE, Qatar, Kuwait or the United Kingdom? Right here’s all you wish to understand relating to the listing of top international locations from where India’s remittances approach.

The United States remains the biggest contributor, whereas the United Arab Emirates holds the 2d utter, surpassing expectations. As per the RBI bulletin launched in March , 2025, remittances from the the USA bear surged from 23.4% in 2020-21 to 27.7% in 2023-24, taking the total quantity to US$ 118.7 billion in 2023-24 and thus making it the biggest provide in India’s whole remittances. Whereas United Kingdom’s contribution rose from 6.8% to 10.8%, the United Arab Emirates remains the 2d-best provide, with its fragment increasing from 18% to 19.2% in 2023-24.

The Reserve Bank of India (RBI) has clarified in its bulletin that the trends highlights India’s rising characteristic within the worldwide group and the increasing monetary give a boost to from its in a international nation inhabitants.

India tops listing of recipient international locations for remittances with $129 bn influx in 2024

In an change from 2024, India topped the listing of recipient international locations for remittances in 2024 with an estimated influx of $129 billion, adopted by Mexico ($68 billion), China ($forty eight billion), the Philippines ($40 billion), and Pakistan ($33 billion), in maintaining with doubtlessly the most in vogue figures compiled by World Bank economists.

The document also talked relating to the growth fee of remittances and estimated it to develop by 5.8 per cent this year is, when compared to 1.2 per cent registered in 2023, in maintaining with a World Bank weblog post.

“The recovery of the job markets within the excessive-earnings international locations of the Group for Financial Co-operation and Vogue (OECD), following the onset of the COVID-19 pandemic, has been the fundamental driver of remittances. Right here's terribly staunch for the USA where the employment of international-born workers has recovered progressively and is 11 p.c bigger than the pre-pandemic stage considered in February 2020,” the document talked about.

India vs China: Remittances comparison

“As a ratio to GDP, India’s remittances bear hovered round 3 per cent of GDP since 2000, whereas within the case of China, the ratio has remained below 0.3 per cent. Philippines, on the assorted hand, has got remarkable bigger remittances as a percentage of GDP for the length of the last ten years”, the RBI bulletin talked about whereas evaluating remittances of India and China.

(With inputs from agencies)