India International Remittance Market Business Report 2023: Inflows Declined in 2023 Due to Slow Down in the Organisation for Economic Co-operation and Development Economies - Forecast to 2028 - ResearchAndMarkets.com
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Thursday, January 4, 2024
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The international inbound remittance market in India has increased at 14.4% during 2022 to reach US$ 111.22 billion in 2023.
Key Points:
- The international inbound remittance market in India has increased at 14.4% during 2022 to reach US$ 111.22 billion in 2023.
- According to the publisher, the international outbound remittance market in India has increased at 13.8% during 2022 to reach US$ 10.08 billion in 2023.
- India has reported strong growth in the inward remittances market over the last three to four years.
- Layoffs from big tech institutions are another factor that is aiding the drop in inward remittances in 2023.