In terms of growth, during Sep 2023, remittances increased by 5.3 percent on M/M. Workers’ remittances inflow of US$ 6.3 billion has been recorded during Q1 FY-24.
Remittances inflows during Sep 2023 were mainly sourced from Saudi Arabia ($538.2 million), United Arab Emirates ($400 million), United Kingdom ($311.1 million) and United States of America ($263.4 million).
