Top 10 Foreign Exchange Remittances to India

February 7, 2011 · Author: · Category: exim 

A reader wanted to know the Top 10 Foreign Exchange Remitters to India. According to Data compiled by our analyst, the Middle-Eastern economies together account for 48% of total remittance flows into India. Here is the complete list of Foreign Exchange Remittances in USD Bn by NRIs to India.

  • UAE  – $14 Bn [Chances are high that Indian Politicians and Other Businessmen Havala Racket is very strong from UAE]
  • USA – $12 Bn
  • Saudi Arabia – $5Bn
  • United Kingdom – $4.5 Bn
  • Canada – $3.8 Bn
  • Kuwait – $2.2 Bn
  • Oman & Australia – $1.8 Bn
  • Qatar & Singapore – $1 Bn

As the World heads into massive state of unrest and financial turmoil, it is essential that you stay conservative in your spending 🙂

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