India receives $235 billion in remittances in three-and-half years

Source: Business Standard, Mar 23, 2017

New Delhi: India received a whopping $235 billion in remittances in the last three-and-a-half years, as per government data.In 2013-14, India received $69.64 billion in remittances, while the figure in 2014-15 was $69.82 billion and $65.60 billion in 2015-16.

The volume of remittances in the first six months of the current fiscal was $30.43 billion.

The details about the remittances were given by Minister of State for External Affairs V K Singh while replying to a question in the Rajya Sabha on Thursday.

He put the figure of overseas Indians at 3.08 crores who are spread over 208 countries.

Asked about the crackdown on illegal immigrants by the Trump administration, Singh said the government was aware about the Executive Order issued by the US President, adding it will do everything possible to safeguard interests of Indians and their welfare.He said India remained vigilant to developments impacting the lives of Indians in the US.

“The government has taken up with the US government the matter of welfare of Indian Diaspora in the US. Our Embassy and Consulates in the US are in continuous dialogue with the US authorities and local Indian community groups to address any emergent issues relating to Indian diaspora,” he said.

Singh said India does not encourage illegal migration of Indian citizens into other countries.

To a separate question, he said there is no authoritative figure available about the number of Indians working in various cities in the US and whether they have valid visa.

However, he said estimated number of overseas Indian in that country is 44.6 lakh which includes 12.80 lakh NRIs and 31.80 lakh Persons of Indian Origin.

He said 576 Indians who were found to not have proper documents have been issued travel documents for their return to India since 2014.

Replying to another query, Singh said a total of 1.65 lakh Indian students were studying in the US in 2015-16 while a total of 18,320 Indian students were enrolled in educational institutions in the UK in 2014-15.

He said the issue of declining Indian students in the UK has been taken up with the authorities of that country.

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