New Delhi, April 6 -- India is the world's largest recipient of remittances, with $119.5 billion received in 2023. India also has the largest stock of international migrants in the world, estimated by the United Nations at 18.5 million in 2024, followed by China at 11.7 million. But while India has been a big recipient of remittances for a couple of decades now, shifts are unfolding within.

"The share of advanced economies in India's inward remittances has risen, surpassing the share of Gulf economies, reflecting a shift in migration pattern towards skilled Indian diaspora," India's central bank said following arecent survey that tracked trends and patterns in remittances for 2023-24.







As a share of gross domestic product (GDP), In...