Remittance outflow to grow by 9.7% in 2024-28
International inbound remittance market in India is expected to record a CAGR of 9.9%, increasing from US$126.17 billion in 2023 to reach US$212.96 billion by 2028 https://sbi.co.in/ .
It has increased by 15.7% during 2023 to reach US$146.02 billion in 2024, says a report by ResearchAndMarkets, “India International Remittance Market Business and Investment Opportunities”.
Remittance outflow https://rbi.org.in/ market in India has increased by 15.3% on the year to US$13.11 billion in 2024. Over the forecast period (2024-2028), market size is expected to record a CAGR of 9.7%, increasing from US$11.38 billion in 2023 to reach US$18.99 billion by 2028. Fiinews.com
