India receives largest foreign inward remittances in FY 2021-22-Xinhua

India receives largest foreign inward remittances in FY 2021-22

Source: Xinhua

Editor: huaxia

2023-02-07 23:24:45

NEW DELHI, Feb. 7 (Xinhua) -- The Indian government Tuesday said it has received the highest ever foreign inward remittances in the fiscal year 2021-22.

The information was given by Finance Minister Pankaj Chaudhary at the upper house of the Indian parliament.

"During 2021-22, India received foreign inward remittances of 89,127 million U.S. dollars which was the highest ever inward remittances received in a single year," Chaudhary in a written statement said.

According to Chaudhary, during FY 2020-21, it received 80,185 million dollars of foreign inward remittances, with 23.4 percent of it contributed by the United States, followed by the United Arab Emirates, which contributed 18 percent.