India Continues To Be The Top Recipient Of Remittances

India continues to be the top recipient of remittances. It received $112.5 billion in FY 23 as against foreign inward remittances of $89.1 billion in FY 22. It essentially means money transferred from NRIs or Non-Resident Indians employed outside the country to family, friends or relatives back home. This surge in remittances comes at a time when FDI flows seem to have slowed. Experts believe both FDI inflows and the uptick in remittances is crucial as they are considered stable and safe inflows into a country.

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[TomW-ksgp]

It is about 1/3 of the government earning! On the other hand, you know how weak india is. Will USA rely on remittances? Can it? It also tells that india can be controlled by foreign countries easily, just cut the Indian labor.