India received over $66.13 billion in remittances in the year 2011-12 as compared to $55.62 billion in the previous, a hike of 19 per cent.
"We have received $66.13 billion in remittances in 2011-12," Minister for Overseas Indian Affairs Vayalar Ravi said on Friday in a written reply to a question in Lok Sabha.
The remittances to the country through private transfer of funds have been on the rise in the last few years.
India received $53.63 billion in 2009-10 while in 2008-09, the amount was $46.9 billion.
Quoting a recent study conducted by Reserve Bank of India, he said remittances from Gulf countries accounted for an average 27 per cent of the total remittances to India during the first half of 2009-10.
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