1.RBI Remittances Survey 2025 Findings (Remittances Trend)
What & Where
Remittances = cross-border personal transfers that overseas Indians send to domestic beneficiaries.
RBI Remittances Survey 2023-24: first time Advanced Economies (AEs) contribute majority of inflows to India.
Core corridors now: USA, UK, Singapore, Canada, Australia; Gulf Cooperation Council (GCC) share shrinking.
Quick Facts for MCQs
Geographical Shift
- AE share surpassed GCC for first time; Singapore, Canada, Australia join top-five sources.
- USA remits more than Saudi Arabia + Kuwait combined.
- GCC contraction mirrors oil cycles and localisation drives.
Causes of Shift
- Policy: Saudisation, Emiratisation cut low-skill Indian jobs in Gulf.
- Economics: AE STEM wages 3–5× Gulf; stronger USD/GBP boosts rupee value.
- Education: UK Graduate Visa, Canada PGWP funnel students into high-paying AE labour markets.
Policy & Economic Impact
- Stability: USD 118.7 bn inflow cushions CAD, lifts forex reserves.
- Regional: Kerala faces slowdown; Telangana, Karnataka gain via tech-driven US flows.
- Digitisation: UPI-PayNow & Project Nexus aim remittance fee <3% (UN SDG 10.c).
Key Data Points
| Feature | Data-Point |
|---|---|
| Total remittances (FY 24) | USD 118.7 billion |
| AE contribution | 54% (≈) |
| GCC contribution | 37.9% |
| USA share | 27.7% |
| UK share | 10.8% |
| UAE share (FY 17 → 24) | 26.9% → 19.2% |
| GCC share (FY 17 → 24) | 46.7% → 37.9% |
| Skilled Indian migrants in US | 78% of total |
| Indian students abroad | 13.4 lakh |
| Remittances finance | 42% of India’s trade deficit |
| UPI-PayNow transfer cost | ≈1% |
Related UPSC Prelims PYQs
Which one of the following statements with regard to the World Immigration Report, 2020 prepared by the United Nations is NOT correct?
According to the Reserve Bank of India’s report, which two countries together accounted for over one-third of the total FDI in India?







