close
Sensex (-0.08%)
65975.00 -49.96
Nifty (0.00%)
19674.45 -0.10
Nifty Smallcap (0.62%)
5793.40 + 35.45
Nifty Midcap (0.01%)
40409.05 + 3.35
Nifty Bank (-0.24%)
44656.60 -109.50
Heatmap

US' return as leading source of Indian remittances mirrors pre-2008 trend

North America had a high share of remittances before the global financial crisis

Photo: Bloomberg
Premium

Photo: Bloomberg

Mumbai
1 min read Last Updated : Jul 19 2022 | 10:06 PM IST
Follow Us
The US accounted for nearly a quarter of India’s total remittances in 2020-21, marking a reversion to the trend that existed before 2008.

The US accounted for 23.4 per

Also Read

What's the significance of the US overtaking UAE in remittances to India?

Overseas remittances almost double year on year to $2 billion in April

Remittances from West Asia hit in FY21 due to Covid-19 pandemic

At around $1 bn, travel accounts for half of outward remittances in May

Money sent abroad for travel grew threefold in February: RBI data

Investment via P-notes drops to Rs 80,092 cr in Jun; volatility to continue

FPI legroom not enough for big MSCI boost, says Macquarie Capital

Global cooperation needed to regulate crypto: Sitharaman tells Parliament

Remittances from West Asia hit in FY21 due to Covid-19 pandemic

RBI, Bank Indonesia agree to expand cooperation in payment systems

Topics : Reserve Bank of India remittance to India RBI Remittances foreign remittances America United Arab Emirates Singapore Kerala United States

First Published: Jul 19 2022 | 5:52 PM IST

Explore News

Stock Market UpdatesIIT Madras - Ericsson PartnerStock To Watch TodayLatest News LiveRozgar MelaAsian Games 2023 LIVEUPSC NDA Result 2023 resultGold-Silver PriceAmazon Great Festival saleShark Tank season 3

Companies News

Bajaj Finance in talks with 4 investment banks to raise $800 mn-$1 bnShree Cement to raise up to Rs 700 cr via NCDs on private placement basis

Election News

Telangana IT Minister K T Rama Rao accuses PM Modi of misleading youthCourt rejects Ashok Gehlot's acquittal plea in defamation case by Shekhawat

India News

Humans of Bombay vs People of India: All you need to know about the caseKarnataka charges Rs 513 for a liquor bottle that costs Rs 100 in Goa

Economy News

Discussion underway to ease FDI norms in space sector, says officialIndia unlikely to export sugar in 2023-2024, says ED&F Man Commodities
To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com
Continue
Business Standard
FROM BS WEBSITEHomeCompaniesMarketsOpinionIndia NewsTechnologyPersonal FinanceHome Loan CalculatorLatest NewsEducationPartner ContentSpecialsToday's PaperAuthorPolitics News
ABOUT USAbout UsCode of ConductTerms & ConditionsPrivacy PolicyCookie PolicyDisclaimerInvestor CommunicationList of our GST registration numberCompliance
SUPPORT & CONTACTPartner with UsCareersAdvertise with UsContact UsFeedbackBrowser SupportSitemap
READER CENTREE-PaperMy PagePortfolioRegistrationSubscribeCustom Payment
BS PRODUCTSBS HindiiPhoneBS Apps
EVENTRajasthan ElectionsTelangana ElectionsMadhya Pradesh ElectionsChhattisgarh ElectionsMizoram ElectionsAssembly Election 2023Lok Sabha Election 2024Budget
SPORTSAsian Games 2023World Cup 2023Cricket News
Copyrights © 2023 Business Standard Private Ltd. All rights reserved
LinkedIN Icon