India’s workers’ remittances cross $100 billion
India’s workers’ remittances crossed USD 100 billion; FY2026 remittances were USD 110.47 billion (26% y-o-y), private transfers USD 151.71 billion (15%), net transfers USD 144.07 billion (16%). BoP records goods, services and assets in double-entry credit/debit. Remittances form >2/3 of private transfers (incl. NRI deposit withdrawals, gifts, baggage gold/silver), cushioning weak FDI/FPI inflows and outflows. RBI buys forex to build reserves and limit rupee appreciation; reserves insure against CAD (imports+transfers > exports). Gulf share fell from 47% (2016-17) to 38% (2023-24), with higher US/UK shares.





