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| India to retain top position in remittances with $80 billion: World Bank | | | Agencies
Washington: India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping USD 80 billion back home, the World Bank said in a report Saturday.
India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion), according to the global lender.
With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.
Washington: India will retain its position as the world's top recipient of remittances this year with its diaspora sending a whopping USD 80 billion back home, the World Bank said in a report Saturday.
India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion), according to the global lender.
With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's Migration and Development Brief.
The Bank estimates that officially-recorded remittances to developing countries will increase by 10.8 per cent to reach USD 528 billion in 2018. This new record level follows a robust growth of 7.8 per cent in 2017. |
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