India's Highest Remittance by States in 2024

Key Findings – 6th Round of India’s Remittances Survey (2023-24) 💸🌍

1. Remittances Surge:
2. India’s remittances more than doubled in the past decade, rising from USD 55.6 billion (2010-11) to USD 118.7 billion (2023-24) – reinforcing India’s position as the world’s top recipient.
3. Shift in Source Countries:

• The US emerged as the top contributor with a 27.7% share.
• The UAE followed at 19.2%.
• Advanced Economies (AEs) like the UK, Canada, Australia, and Singapore together contributed over 50% of total remittances.
• UK’s share rose sharply to 10.8% (from 3.4% in 2016-17).
• Australia also emerged as a key contributor with 2.3% share.

Top Recipient States:

• Maharashtra remained the top recipient with 20.5%,
• Followed by Kerala (19.7%),
• Tamil Nadu (10.4%), Telangana (8.1%), and Karnataka (7.7%).
• Notable growth in remittances was also seen in Punjab and Haryana.

📈 The data reflects changing global migration and income patterns, with India’s diaspora playing a vital role in strengthening foreign inflows.