2024 India remittances projected to grow 3.7% to $124bn, primarily from oil-exporting countries.

According to India's Economic Survey 2023-24, remittances to India are expected to grow by 3.7% in 2024 to $124 billion and by 4% to $129 billion in 2025. The primary source of remittances is oil-exporting countries, with India having the largest emigrant population and being the top recipient of remittances. The Economic Survey projects a strong outlook for remittances in 2024, with a moderate growth rate of 3.7%.