JAKARTA - India’s Ministry of Finance reported on June 30 that net private remittance inflows from West Asia to India surged to $16 billion in April. The sharp increase in transfer receipts came despite intensifying geopolitical tensions in the Middle East.
The data appeared in the latest Monthly Economic Review published by the Department of Economic Affairs. Financial authorities confirmed that the April total marks a continuous capital flow that exceeded the $9.4 billion recorded in April 2025.
The current volume also sits above the $13.7 billion monthly average observed during the final quarter of the 2025-26 fiscal year.
Documenting this trend during the current regional conflict, the Department of Economic Affairs report stated, “Contrary to concerns that geopolitical tensions in the West Asia region could adversely affect remittance inflows from the Gulf economies, transfer receipts have remained robust.”
The finalized April numbers bring the initial phase of the new fiscal year ahead of the historic baseline established in the 2025-26 fiscal year, which concluded with a record annual remittance total of $144.79 billion according to Reserve Bank of India tracking.
The geographic breakdown of gross inbound transfers positions the United States as the single largest source country at 27.7%, followed by the United Arab Emirates at 19.2%, the United Kingdom at 10.8%, and Saudi Arabia at 6.7%.
The strong monthly baseline follows a record-breaking performance in the previous full fiscal year. The finance ministry’s data showed that annual inbound remittances hit an all-time high of $155 billion in the 2025-26 fiscal year, increasing from the $135.4 billion recorded during the 2024-25 fiscal year.
This sustained financial trend contrasts with more volatile capital fields. For example, foreign portfolio investors withdrew a combined $10.7 billion from Indian markets across April and May due to the regional risk-off mood.
