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Central sector scheme actual spending in 2017-18 was ₹ 587,785 crore (equivalent to ₹ 6.6 trillion or US$79 billion in 2023), in 2019-20 it was ₹ 757,091 crore (equivalent to ₹ 8.5 trillion or US$100 billion in 2023) while the budgeted amount for 2021-22 is ₹ 1,051,703 crore (equivalent to ₹ 12 trillion or US$140 billion in 2023).
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Remittances to India are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India. India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015. [1] [2] Remittances to India stood at US$110 billion in 2022 ...
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