India leads in global remittance inflows as overseas workforce and student migration grow

India maintained its position as the world’s largest recipient of remittances in 2024, with inflows reaching $138 billion. This significant economic contribution from its 19 million-strong diaspora highlights a decade-long surge, driven by earnings from professionals in countries like the US and UAE. The report also notes a shift towards high-skilled migration in sectors such as technology and healthcare.

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