India Remittances - Forecast

Remittances in India is expected to be 11936.67 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in India to stand at 11941.92 in 12 months time. In the long-term, the India Remittances is projected to trend around 11928.79 USD Million in 2020, according to our econometric models.


India Remittances
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India Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -14620 -16200 -14300 -14900 -13547 -11100
Exports 28860 24600 25000 24500 28385 28900
Imports 43480 40800 39300 39400 41932 40000
Current Account -13000 -15000 -10728 -4100 -11613 -2460
Current Account to GDP -1.9 -1.3 -1.3 -1.3 -1.1 -1.2
External Debt 513438 525000 530000 535000 541000 594000
Terms of Trade 71.1 66.65 67.8 69.88 72.59 78.32
Capital Flows -42.87 16.78 5.01 22.59 10.08 9.29
Foreign Direct Investment 4859 3445 2863 2979 2934 2944
Remittances 12004 11937 11907 11919 11942 11929
Tourist Arrivals 606043 635500 831300 913200 821600 762000
Gold Reserves 560 558 560 560 560 560
Crude Oil Production 728 725 725 725 725 725
Terrorism Index 7.53 7.45 7.45 7.61 7.59 7.72
Weapons Sales 56 56 56 56 56 56