Explained: How $138 Billion From Indians Abroad Is Transforming India's Economy
India has emerged as the world’s largest remittance recipient, receiving a record $138 billion annually from its global diaspora. These inflows have nearly doubled over the past decade, reflecting rising incomes of Indian professionals abroad. With advanced economies contributing a larger share, the trend marks a shift from traditional Gulf-based remittances. Sending nearly $1000 every three seconds, overseas Indians are strengthening India’s financial stability and helping bridge nearly half of the country’s trade deficit.
