Basispoint Insight
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1/2 India’s remittance story has been one of resilience—$135 bn in FY25, nearly half the trade deficit covered. But new US shocks, a 1% remittance tax and $100k H-1B visa fee, threaten both near-term inflows and the longer-term trajectory of skilled migration.
#India #Remittances #H1B #USIndia
#India #Remittances #H1B #USIndia
September 22, 2025 at 9:26 AM
1/2 India’s remittance story has been one of resilience—$135 bn in FY25, nearly half the trade deficit covered. But new US shocks, a 1% remittance tax and $100k H-1B visa fee, threaten both near-term inflows and the longer-term trajectory of skilled migration.
#India #Remittances #H1B #USIndia
#India #Remittances #H1B #USIndia