New Delhi. The role of overseas Indians in strengthening the Indian economy has reached a historic level. According to the Balance of Payment (BOP) data released by the Reserve Bank of India (RBI), India received $ 135.46 billion Remedies in FY 2024-25, which is the highest record ever. This is 14% higher than the previous year and is more than doubled compared to 2016-17.

India becomes the highest remedies in the world

The RBI reported that this Remittens account for about 10% of India’s $ 1 trillion gross current account inflow. India has remained the world’s largest remedies for the past decade. In the year 2016-17, the remittance figure was $ 61 billion, which has now reached $ 135.46 billion.

America-UK-Singapore’s big role in Remittens

IDFC First Bank Chief Economist Gaura Sengupta said that “the improvement in skills of Indian migrants and his presence in high -income countries has promoted Remittens.” He said that 45% of the total Remittens comes from the US, Britain and Singapore. At the same time, the contribution of Gulf countries (GCC) is decreasing because their economies are still dependent on oil prices.

Low cost transfer, NRI policy and digital India benefited

The RBI report states that overseas Indians usually send this amount for the help of families and domestic expenses. India is one of the select countries where the amount of up to $ 200 can be sent at the lowest fee Digital India, low cost Remedy channel, and NRI-friendly policies have increased rapidly due to NRI-friendly policies.

Business deficit also helpful in balanced

Remittens have balanced about 47% of India’s $ 287 billion trade deficit. According to experts, Remittens have now become a larger and permanent source than FDI (FDI).

Arabs earned from software and business services

RBI report also told that Software services and business process services India has received foreign currency income of more than $ 100-100 billion. Remittens, software and business services together are contributing more than 40% to India’s total foreign exchange flows.

Impact of Modi government policies

This record is being linked to the global strategy, Digital India Mission and NRI policy led by Prime Minister Narendra Modi. The government has taken several steps to make Remittens simple, accessible and faster, including India’s strong presence in Fintech Solutions, UPI expansion and global banking networks.