Lok Sabha Question No. 1443 (UNSTARRED), answered on 2016-03-04
Subject: NRI Remittance
Ministry: FINANCE
Asked by: PARAYAMPARANBIL KUTTAPPAN BIJU

- (a) the amount remitted to India in the last financial year from the NRIs working abroad;
- (b) the amount of NRIs Remittance from the Gulf countries; and
- (c) whether the Government has any estimate about the amount of remittance by NRIs from Kerala who are working abroad and if so, the details thereof each of the last three years?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI JAYANT SINHA)

- (a)  : The gross and the net amount remitted to India in the last financial year(i.e.,2014-15) by NRIs working abroad was US$ 69,831 million and US$66,275 million respectively
- (b)  & (c) Country -wise/region-wise information on NRI remittances is not available. However, based on RBI's Survey in 2013 on 'Remittances from Overseas Indians: Modes of Transfer, Transaction Cost and Time Taken', the following information is being provided for the period for which data is available

| Table1; NRI remittances from Gulf Countries   | Table1; NRI remittances from Gulf Countries   |
|-----------------------------------------------|-----------------------------------------------|
| Financial Year                                | Amount (US$ million)                          |
| 2009-10                                       | 16,431                                        |
| 2010-11                                       | 20,506                                        |
| 2011-12                                       | 24,382                                        |
| 2012-13                                       | 24,934                                        |

| Table 2; Composition of Remittances by NRIs from Kerala working abroad for 2012-13   | Table 2; Composition of Remittances by NRIs from Kerala working abroad for 2012-13   |
|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|
| Source Region/ country                                                               | Share(% )                                                                            |
| 1.Gulf Countries                                                                     | 63                                                                                   |
| 2.North America                                                                      | 22                                                                                   |
| 3.South America                                                                      | 0                                                                                    |
| 4.Europe                                                                             | 8                                                                                    |
| 5.Africa                                                                             | 1                                                                                    |
| 6.East Asia(including Japan)                                                         | 3                                                                                    |
| 7.Australia/ New Zealand                                                             | 3                                                                                    |
| Total                                                                                | 100                                                                                  |

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