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India's economy boosted by $135B diaspora remittances, shown with coins, money bag, and phone.
Long read • Community

Diaspora Remittances Hit $135B, Boosting India's Economy

India secured the top spot in global remittances, hitting a record $135.46 billion. These inflows provide a massive economic boost by covering nearly half of India's trade deficit and outpacing Foreign Direct Investment (FDI) as a highly stable source of foreign exchange

By Business desk
NRI HeraldJul 23
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Reported by NRI HeraldJul 26
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By the numbers

The diaspora in figures, this quarter.

Sourced from Census ACS, USCIS, Pew Research and our own newsroom data team.

5.4M
Indian Americans nationwide
+12% since 2020
$144K
Median household income
Highest of any group
1.1M
Awaiting green cards
EB-2 / EB-3 backlog
16
Sitting in Congress & state-wide office
Up from 4 a decade ago