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Context:
As per the Ministry of Finance, In the fiscal year 2022-23 (FY23), remittances to India witnessed a substantial growth of 26%, reaching a total of $112.5 billion. In FY22 the remittance was $89.1 billion.
About Remittance:
Remittances vs. FDI:
Top Source of Remittance for India::
News Source: The Financial Express
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