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India's Highest Remittance by States in 2024

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.

India's Highest Remittance by States in 2024 - Voronoi