India: Remittances

For that indicator, we provide data for India from 1975 to 2022. The average value for India during that period was 26598.84 million U.S. dollars with a minimum of 429.88 million U.S. dollars in 1975 and a maximum of 104570.92 million U.S. dollars in 2022. The latest value from 2022 is 104570.92 million U.S. dollars. For comparison, the world average in 2022 based on 86 countries is 4850.07 million U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.

Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.

Definition: Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Data are in current U.S. dollars.