← Latest news 
Crisil warns West Asia conflict could cut India remittances and strain the current account
Economy
Published on 24 April 2026
A third of diaspora money comes from Gulf states
Crisil has warned that the West Asia conflict could reduce remittance inflows into India. With around a third of diaspora inflows linked to Gulf Cooperation Council countries, any dip in migrant incomes may widen pressure on India’s current account. The risk arrives as the trade deficit is already under strain, despite India being the world’s largest remittance recipient.
- West Asia conflict may weaken India’s remittance inflows
- About one third of diaspora remittances come from GCC countries
- Lower migrant incomes could pressure India’s current account deficit
- The threat compounds an already strained trade deficit
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times