Record $29 Billion Remittance from Overseas Indians Boosts Economy
Sunday, 31 March 2024, 19:27
Overseas Indians' Economic Impact
Overseas Indians sent a record $29 billion in remittances in Q3, contributing to a narrowing of the current account deficit.
Stimulating the Economy
Remittances from overseas Indians are a source of permanent flows, aiding in economic stability and GDP growth.
- Record $29 billion remittance boosts the economy
- Steady reduction in the current account deficit
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.