international remittances Current Affairs, GK & News

What are current trends in inward remittances in India?

India recently became the largest recipient of remittances worldwide. As per World Bank, it received USD 87 billion in 2021, accounting for a growth of 4.6%. India is followed by China and Mexico, each accounting for USD 53 billion remittances. If we were to talk about current trends in India’s inward remittances In India, the ..

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Migration and Development Brief Report of World Bank: Key Facts

On October 30, 2020, the World Bank released the migration and development brief report. According to the report the remittances of India will fall by 9% by the end of 2020. India’s remittances will drop down to 76 billion USD due to covid-19 crisis and the Global economic recession .  Key findings The report says ..

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India Highest Recipient of International Remittances in 2018

The World Migration Report 2020 published by the Geneva-based International Organization for Migration has reported India as the top beneficiaries of international remittances in the world. According to the report published on 27, November 2019, a total of USD 689 billion has been sent back home by the migrants as international remittances in the year ..

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