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INDIA’S POSITION as the global leader in remittance inflows has been firmly established once again in 2023, continuing a trend of significant growth over the past decade. The dominance is underpinned by a vast and diverse diaspora spread across the world, particularly concentrated in the Gulf Cooperation Council (GCC) countries and the U.S., with substantial contribution from the U.K. The scale of flows has seen a remarkable increase — from $581 billion in 2013, this figure had surged to an estimated $857 billion in 2023, according to the World Bank. India’s inflows reached $120 billion in 2023, accounting for 13.9% of the total global remittance. In comparison, Mexico, the second-highest recipient, received nearly half of India’s remittances. India is poised to maintain its pre-eminent position in the global remittance landscape, benefiting millions of households and the broader economy.
July 2025
In the world’s youngest nation—where over 65% of the population is under 35—India’s future is already being shaped by those bold enough to lead it. From boardrooms to breakout ideas, a new generation of business leaders is rewriting the rules. This year's Fortune India’s 40 Under 40 celebrates these changemakers—icons in the making like Akash Ambani, Kaviya Kalanithi Maran, Shashwat Goenka, Parth Jindal, Aman Mehta, and Devansh Jain—who are not just carrying forward legacies but boldly reimagining them for a new era. Alongside them are first-generation disruptors like Sagar Daryani, scaling Wow! Momo with a vision to take ₹100 momos to 5,000 cities, and Palak Shah, turning the Banarasi weave into a global fashion story with Ekaya Banaras. These are the entrepreneurs turning ambition into scale. And even beyond traditional industry, the entrepreneurial wave is pulling in creative forces—Ranveer Singh, for instance, is shaking up wellness and nutrition with Bold Care and SuperYou, proving that passion, backed by purpose, is the new blueprint for building brands.
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