Remittances from West Asia see 20-30% jump in March due to conflict

In the long run, this may have an impact because if the situation persists, job cuts, layoffs and redundancies could increase in West Asia.Illustration: Dominic Xavier/RediffKey PointsIndia is a leading recipient of inward remittances.Sectors such as hospitality may be significantly affected.RBI shows that so far in FY26, Indians living abroad have sent over $107 billion.Remittances from West Asia in March rose sharply amid the conflict in the region, with industry insiders estimating inflows to be 20-30 pe ...