From which countries does most money come?
The report warned that tensions in West Asia, especially the US-Iran conflict, could pose a major risk to India’s remittance flows. According to the report, about 38% of India’s total remittances come from Gulf countries, where a large number of Indians work. In this, countries like Saudi Arabia, UAE, Qatar and Kuwait are prominent. For this reason, any kind of political or economic instability in the Middle East can pose a direct risk to India.