Overview

• In FY25, diaspora transfers jumped 14% to a record $135.46 billion.
• Remittances accounted for over 10% of India’s $1 trillion current account inflows.
• The United States, United Kingdom and Singapore now supply 45% of all transfers, while remittances from Gulf Cooperation Council countries have declined with weaker oil-linked flows.
• These private transfers financed 47% of the $287 billion merchandise trade deficit, easing external deficit pressures.
• Inflows have more than doubled since 2016-17 and now outpace gross inward foreign direct investment, underscoring their stability.