Remittances sent by overseas Indians dropped by USD 8.5 bn between 2014-15 and 16-17: Govt

In a written response to a question, V K Singh, minister of state in the External Affairs Ministry, said in 2014-15, Indians abroad had sent USD 69.82 billion. The figure dropped to USD 65.59 billion in 2015-16 and further to USD 61.29 billion in 2016-17, Singh said

Remittances sent by overseas Indians dropped by USD
V K Singh said there are nearly 31.23 million overseas Indians. A majority of them reside in the US, Saudi Arabia, Canada and Australia. Image source: PTI

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