Indians living abroad sent home a record-breaking Rs 11.60 lakh crore, the figure more than doubled in eight years

Remittances sent to India by Non-Resident Indians (NRIs) living abroad have increased to a record level. In the last financial year, remittances of $ 135.46 billion (Rs. 11.60 lakh crore) were sent to India. This is the highest ever record for the flow of money sent to India by NRIs. The volume of remittances to India has been increasing continuously at a global level in the last one decade. According to the Balance of Payments data released recently by the RBI, the volume of remittances sent by NRIs has increased by 14 percent last year. This has almost doubled in a decade compared to $ 61 billion in 2016-17.

Download Our App: