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 🙂