India
Inward remittancesGlobal rank #1
$137.7B
Outward remittancesGlobal rank #15
$12.1B
Net remittance positionNet recipient2024
$125.6B
Inflows are 11.40× outflows
Inward vs. outward remittance trends
Annual nominal transfers in billions USD (2000–2024)
OutwardInward
| Year | Inward ($B) | Outward ($B) | Net Position ($B) |
|---|---|---|---|
| 2000 | 12.88 | 0.49 | 12.40 |
| 2001 | 14.27 | 0.75 | 13.52 |
| 2002 | 15.74 | 1.19 | 14.55 |
| 2003 | 21.00 | 1.27 | 19.73 |
| 2004 | 18.75 | 1.65 | 17.10 |
| 2005 | 22.13 | 1.35 | 20.78 |
| 2006 | 28.33 | 1.56 | 26.77 |
| 2007 | 37.22 | 2.06 | 35.16 |
| 2008 | 49.98 | 3.81 | 46.16 |
| 2009 | 49.20 | 2.89 | 46.31 |
| 2010 | 53.48 | 3.83 | 49.65 |
| 2011 | 62.50 | 4.08 | 58.42 |
| 2012 | 68.82 | 4.96 | 63.86 |
| 2013 | 69.97 | 6.43 | 63.54 |
| 2014 | 70.39 | 6.22 | 64.17 |
| 2015 | 68.91 | 4.88 | 64.03 |
| 2016 | 62.74 | 5.62 | 57.12 |
| 2017 | 68.97 | 6.96 | 62.01 |
| 2018 | 78.79 | 6.78 | 72.01 |
| 2019 | 83.33 | 7.53 | 75.80 |
| 2020 | 83.15 | 7.01 | 76.14 |
| 2021 | 89.38 | 8.18 | 81.19 |
| 2022 | 111.22 | 10.09 | 101.13 |
| 2023 | 119.53 | 12.36 | 107.17 |
| 2024 | 137.67 | 12.07 | 125.60 |
Corridor cost and speed
Fee, FX margin, total cost and transfer speed for money received into India.
| Sending Country | Send $200 | Send $500 | Speed | Survey Period | |||||
|---|---|---|---|---|---|---|---|---|---|
| Fee | FX Margin | Total Cost | Fee | FX Margin | Total Cost | Under 1 Hour | Same Day or Faster | ||
| United Kingdom | 1.31% | 0.59% | 1.91% | 0.64% | 0.48% | 1.12% | 57.14% | 71.43% | Q3 2025 |
| Bahrain | 1.82% | 0.35% | 2.17% | 0.72% | 0.35% | 1.07% | 80.00% | 90.00% | Q3 2025 |
| Kuwait | 1.80% | 0.57% | 2.37% | 0.78% | 0.57% | 1.35% | 60.00% | 96.67% | Q3 2025 |
| Qatar | 1.90% | 0.61% | 2.50% | 0.76% | 0.61% | 1.37% | 28.57% | 42.86% | Q3 2025 |
| Singapore | 1.99% | 0.94% | 2.92% | 1.25% | 0.92% | 2.18% | 53.57% | 78.57% | Q3 2025 |
| Oman | 2.99% | 0.31% | 3.30% | 1.18% | 0.31% | 1.49% | 100.00% | 100.00% | Q3 2025 |
| Malaysia | 1.56% | 1.77% | 3.33% | 0.67% | 1.77% | 2.44% | 41.18% | 64.71% | Q3 2025 |
| United States | 2.82% | 0.85% | 3.68% | 1.69% | 0.76% | 2.45% | 56.52% | 65.22% | Q3 2025 |
| United Arab Emirates | 2.96% | 0.75% | 3.71% | 1.44% | 0.75% | 2.19% | 37.50% | 45.83% | Q3 2025 |
| Italy | 3.41% | 0.56% | 3.97% | 1.56% | 0.56% | 2.12% | 47.37% | 73.68% | Q3 2025 |
| Canada | 3.05% | 1.23% | 4.28% | 1.50% | 1.19% | 2.69% | 43.75% | 59.38% | Q3 2025 |
| New Zealand | 3.38% | 1.30% | 4.68% | 1.47% | 1.30% | 2.77% | 36.36% | 63.64% | Q3 2025 |
| Saudi Arabia | 4.22% | 1.37% | 5.59% | 1.69% | 1.37% | 3.07% | 33.33% | 100.00% | Q3 2025 |
| Australia | 4.44% | 1.71% | 6.15% | 1.84% | 1.69% | 3.53% | 27.78% | 38.89% | Q3 2025 |
| France | 5.34% | 0.99% | 6.33% | 2.35% | 0.99% | 3.34% | 42.86% | 53.57% | Q3 2025 |
| Germany | 5.56% | 0.98% | 6.53% | 2.38% | 1.02% | 3.40% | 35.71% | 53.57% | Q3 2025 |
| Sweden | 6.01% | 1.28% | 7.29% | 2.48% | 1.28% | 3.76% | 44.00% | 64.00% | Q3 2025 |
| Japan | 7.78% | 0.95% | 8.72% | 3.54% | 0.95% | 4.48% | 31.82% | 59.09% | Q3 2025 |
| Thailand | 9.47% | 3.12% | 12.59% | 4.03% | 3.12% | 7.15% | 42.86% | 42.86% | Q3 2025 |
| South Africa | 14.42% | 1.97% | 16.39% | 6.75% | 1.78% | 8.52% | 20.00% | 53.33% | Q3 2025 |
Corridor-balanced summary
Unweighted medians across 20 inbound corridors
- Median cost ($200)
- 4.13% Median across corridors
- Median cost ($500)
- 2.57% Median across corridors
- Under 1 Hour
- 42.86% Median corridor share
- Same Day or Faster
- 63.82% Median corridor share
Cost vs. speed
Each dot represents a corridor · $200 transfer
Hover over or focus a dot for corridor details.
Sources
| Dataset | Source / Publisher | Release / Period | Link |
|---|---|---|---|
| Remittance Flows Datasets | World Bank | July 2025 | Open |
| Remittance Prices Worldwide | World Bank | Q3 2025 | Open |
Methodology
Figures shown on this page include calculations derived from the underlying datasets.
View full methodology