Page-2 of remittances Current Affairs, GK & News

India highest recipient of remittances in 2018

The World Bank (WB) has recently released its latest edition of Migration and Development Brief. In it, India has retained its position as the world’s top recipient of remittances with its diaspora sending a whopping $79 billion back home in 2018. India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), ..

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June 16: International Day of Family Remittances

The International Day of Family Remittances (IDFR) is observed every year on 16 June across the world. It is aimed at recognizing significant financial contribution migrant workers make to wellbeing of their families back home and to sustainable development of their countries of origin. It is also aimed at encouraging public and private sectors, as ..

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India was world’s largest remittance-receiving country in 2017: Repot

According to recently released report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, India was largest remittance receiving country in the world with US $69 billion in 2017. Top five remittance receiving countries in 2017 in the world were India ($69 billion), China ($64 billion) and Philippines ($33 billion), Pakistan ($20 billion), ..

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India becomes largest remittance-receiving country in world in 2017

According to the report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, India has become the largest remittance-receiving country in the world in 2017, with migrant workers from the country sending home 69 billion US dollars. The remittances to the Asia-Pacific region amounted to 256 billion dollars last year. In 2017, India ..

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India highest recipient of remittances in 2017

As per World Bank (WB)’s latest report “Migration and Development Brief”, India is the highest recipient of remittances globally in 2017 with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20 billion). In its report, the World Bank estimated that officially recorded remittances to ..

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