Remittances by non-resident Indians during the last three years had been on the increase, said Minister of Overseas Indian Affairs, Vayalar Ravi.
In 2010/2011 the remittances stood at US$53.64 billion, he said in a written reply to the Lower House of Parliament.
According to a study conducted by the Reserves Bank of India, remittances made by overseas Indians from the Gulf countries accounted for an average of 27% of the total remittance inflows to India during the first half of 2009-10.
Besides Middle East, Malaysia is one of the top favourite destinations for Indian job-seekers due to its close proximity as well as strong bilateral ties.
There are about 150,000 legally-recruited Indian workers in Malaysia, both in the skilled and semi-skilled segments, mainly in the services sector.
There are also about 10,000 professional expatriates in the information technology, manufacturing and banking sectors.