🇮🇳 India Received $125B From Abroad in 2023

What We’re Showing

A chart with the top countries by personal remittances received, in current U.S. dollars, based on 2023 data from Knomad.

What are “Personal Remittances?”

Defined as the money sent between residents and nonresidents, including both personal transfers and compensation for work done abroad.

Key Takeaways

• The Indian diaspora—measuring nearly 18 million people—collectively sent more than $125 billion back to the country in 2023
• India became the first country to ever receive more than $100 billion in personal remittances in 2022
• On a global scale, personal inbound remittances have risen 7x between 2000 and 2023