Kerala holds 19.7 per cent of India's inward remittances, second only to Maharashtra, with the UAE the second-largest source after the US

Background

The Reserve Bank of India's sixth round of its Remittances Survey puts Kerala's share of India's inward remittances at 19.7 per cent in FY24 (the 2023-24 financial year), up from 10.2 per cent in FY21.
Maharashtra ranks first with 20.5 per cent and Tamil Nadu third with 10.4 per cent.
The UAE is the second-largest source of remittances after the US; its share fell from 26.9 per cent in FY17 to 19.2 per cent in FY24.
India's total remittances more than doubled to $118.7 billion in FY24 from $55.6 billion in FY11.
Kerala's share had fallen to 10.2 per cent in FY21 after the Covid-19 pandemic affected inflows from the Gulf Cooperation Council countries.