According to the RBI’s India Remittances Survey (2023-24), which country has become the largest source of remittances to India?
United States (US)
Why in the news?
"US Becomes India’s Largest Source of Remittances, Surpassing UAE: RBI Survey”
The RBI’s India Remittances Survey (2023-24) revealed that the US has overtaken the UAE as India's largest source of remittances. This shift is driven by the increasing migration of skilled professionals to advanced economies, leading to higher inflows from developed nations.
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