Indian International Money Transfer Market
Dublin, April 09, 2024 (GLOBE NEWSWIRE) — The report “International Remittance Market in India and Investment Opportunities – Analysis by Transaction Value and Volume, Inbound and Outbound Transfers to and from Key Countries, User Demographics – has been added – Q1 2024′ yes ResearchAndMarkets.com supply.
The international inbound remittance market in India grew by 15.7% in 2023 to reach USD 146.02 billion in 2024. During the forecast period (2024-2028), the market size is expected to register a CAGR of 9.9%, increasing from USD 126.17 billion in 2023 to reach USD 212.96 billion by 2028.
The outbound remittance market in India grew by 15.3% in 2023 to reach USD 13.11 billion by 2024. During the forecast period (2024-2028), the market size is expected to record CAGR of 9.7%, increasing from USD 11.38 billion in 2023 to reach USD 18.99 billion by 2028.
This report provides a comprehensive analysis of the international inbound and outbound remittance market in India. It covers the market opportunity by transaction value, transaction volume, average transaction value, key market players, market opportunity by channel, user profile and by sending/receiving countries.
The research methodology is based on industry best practices. Its unbiased analysis uses a proprietary analysis platform to offer detailed insight into emerging business and investment market opportunities.
Reasons to buy
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Comprehensive and Up-to-Date Information: The report provides comprehensive and up-to-date information on the international inbound and outbound remittance market in India including market size, growth trends, transaction value, transaction volume, average transaction value and market share analysis by transfer channel, user demographics and key countries.
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Understand the competitive landscape: Get a high-level view of the competitive landscape through market share data of key players in the market.
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Actionable Insights for Businesses and Investors: The report provides data-driven analysis for businesses and investors operating in the remittance market in India. It helps them identify new opportunities, assess risks and make informed business decisions.
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Future Market Growth Forecasts: The report provides future market growth forecasts, enabling businesses and investors to plan and strategize effectively.
Key Attributes:
Report attribute |
Details |
Number of pages |
130 |
Forecast period |
2024 – 2028 |
Estimated Market Value (USD) in 2024 |
146 billion dollars |
Estimated Market Value (USD) to 2028 |
213 billion dollars |
Compound Annual Growth Rate |
9.9% |
Regions covered |
India |
Scope
Trend analysis of international inbound market opportunities in India
Market share of key players in India
Trend analysis of international inbound market opportunities by channel in India
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Numeric (transaction value, transaction volume, average transaction value)
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Mobile (transaction value, transaction volume, average transaction value)
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Non-numeric (transaction value, transaction volume, average transaction value)
International Inbound Remittances Analysis of Consumer Profile in India
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Analysis by age group of senders
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Analysis by income of senders
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Analysis by occupation of senders
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Analysis by occupation of the beneficiaries
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Analysis by purpose
Analysis of International Inward Remittance Flow (Country to Country/Region) in India
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Market opportunity by key sending countries (transaction value, transaction volume, average transaction value)
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Transfer Channel Market Share by Key Countries/Regions
Trend analysis of international outbound market opportunities in India
Trend analysis of international outbound market opportunities by channel in India
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Numeric (transaction value, transaction volume, average transaction value)
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Mobile (transaction value, transaction volume, average transaction value)
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Non-numeric (transaction value, transaction volume, average transaction value)
International Outbound Remittance Analysis of Consumer Profile in India
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Analysis by age group of senders
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Analysis by sender income
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Analysis by Sender Occupation
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Analysis by occupation of the beneficiaries
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Analysis by purpose
Analysis of International Outgoing Remittance Flow (State/Region to Country) in India
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Market opportunity by key sending countries (transaction value, transaction volume, average transaction value)
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Transfer Channel Market Share by Key Countries/Regions
For more information on this report, visit https://www.researchandmarkets.com/r/ju0pn7
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