In 2024, India received an estimated $129.1 billion worth of remittances, the highest ever for a country in any year. Moreover, India’s share in global remittances was 14.3% this year, the highest such share since the turn of the millennium for any country. The conclusions are based on a blog article published last week by the World Bank. Following India, Mexico and China received the largest remittances in 2024.

In this video, we explore how India achieved its highest-ever global remittances in 2024, breaking all previous records. We delve into the factors driving this surge, the countries contributing the most, and what it reveals about the Indian diaspora's role in the global economy.

Key Highlights:

👉India's record-breaking global remittances in 2024.
👉The top countries contributing to these remittances.
👉How remittances impact India's GDP, foreign reserves, and rural development.
👉The role of Indian expatriates and their growing influence abroad.
👉What this trend indicates for India's economic growth and global standing.

#remittance #remittancesinindia #indianeconomy

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