🔔This Durga Puja, Invest in your future with our exclusive festive offer. Get up to ₹15,000 off on WBCS ONLINE CLASSROOM PROGRAMME with coupon code Puja15K.

EXAMINING THE RBI’S REMITTANCES SURVEY

India's remittances hit $118.7 billion in 2023-24, surpassing FDI. Advanced economies like the U.S. lead, with digital channels dominating transfers. Maharashtra, Kerala, and Tamil Nadu receive most funds. India must boost digital infrastructure, support poorer states, track remittance usage, and diversify sources to ensure economic stability and reduce risks.

Description

Copyright infringement not intended

Picture Courtesy:   THE HINDU 

Context:

India's remittance landscape evolves with a shift towards advanced economies and digital channels, reflecting changing migration patterns and financial behaviors.

Premium

Hi! You are reading a premium article Subscribe now to continue reading.

Already Subscribed?

Free access to e-paper and WhatsApp updates

Let's Get In Touch!