Remittances from West outstrip Gulf inflow: RBI

Share of inward remittances from advanced economies, including the US and the UK, has risen, surpassing that of Gulf economies in 2023-24, reflecting a shift in migration pattern towards skilled Indian diaspora, said the RBI Bulletin released on Wednesday. India’s...

PTI

Mumbai, Updated At : 08:31 AM Mar 20, 2025 IST

India’s remittances have more than doubled from USD 55.6 billion in 2010-11 to USD 118.7 billion in 2023-24. While financing around half of India’s merchandise trade deficit, net remittance receipts have been an important absorber of external shocks during this period.

It also noted that India’s stock of international migrants has tripled from 6.6 million in 1990 to 18.5 million in 2024, with its share in global migrants rising from 4.3 per cent to over 6 per cent during the same period.

Indian migrants in the Gulf account for around half of the total Indian migrants in the world.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

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