The findings of the Sixth Round of India’s Remittances Survey (2023–24), presented in the Reserve Bank of India Bulletin, March 2025, provide fresh insights into the trends and dimensions of the flows. Remittances, which are defined as the cross-border flows of household income due to the temporary or permanent movement of people across economies, are a major source of foreign exchange earnings. They are especially important for India for several reasons.
The states must be adequately compensated for their foreign exchange earnings from remittances.