Remittances to India are money
transfers from non-resident Indians (NRIs) employed outside the country to
family, friends or relatives residing in India. India is the world's leading
receiver of remittances, claiming more than 12% of the world's remittances in
2015.
Remittances to India stood at US$68.91 billion
in 2015, accounting for over 4% of the country's GDP. As per the Ministry of
Overseas Indian Affairs (MOIA), remittance is received from the approximately
25 million members of the Indian diaspora.
Source: Wikipedia
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