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The Gulf’s contribution to India’s inward remittances drops as the diaspora pivots toward Western economies

Graphic of the day: GCC remittance share slides

News by Numbers

The GCC’s dominance in India's inward remittances is facing a structural cooldown. Data reveals a near 9-point slide, with the region's share tumbling from 46.7 percent in 2016-17 to 37.9 percent in 2023-24. While the UAE maintains its status as a critical corridor at 19.2 percent, the broader decline across heavyweights like Saudi Arabia and Kuwait signals a significant migration pivot. The Indian diaspora is increasingly moving away from traditional labour roles in the Gulf toward high-skill, high-value positions in Western economies like the US, UK, and Canada, as well as tech hubs like Singapore.

ForbesIndia

https://images.forbesindia.com/blog/wp-content/uploads/2026/03/GCCRemittances1200X900px-2026-03-c8b348679d35b8d553a9a24609a2c314.jpg?im=FitAndFill,width=1200,height=675

Graphic of the day: GCC remittance share slides

The Gulf’s contribution to India’s inward remittances drops as the diaspora pivots toward Western economies

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