Maintaining its leading position, India received $58 in billion remittances from its Diaspora in 2011, followed closely by China at $57 billion, World Bank data showed.
For the first time since the global financial crisis, remittance flows to all six developing regions rose in 2011. “Despite the global economic crisis that has impacted private capital flows, remittance flows to developing countries have remained resilient, posting an estimated growth of 8 percent in 2011,” Hans Timmer, director of the World Bank Development Prospects Group, said in the report.
Mexico with $24 billion is the third largest recipient of remittance in 2011, followed by Philippines $23 billion, Pakistan $12 billion, Bangladesh $12 billion, Nigeria $11 billion, Vietnam $9 billion and Egypt and Lebanon $8 billion each.
Edelman Trust Rankings, Results Mixed
How much do you trust business to do what is right?
India 70 percent, China 61 percent, USA 46 percent.
How much do you trust government to do what is right?
China 88 percent, India 44 percent, USA 40 percent
How much do you trust media to do what is right?
China 80 percent, India 50 percent, USA 27 percent
American were asked “how much do you trust global companies headquartered in the following countries to do what is right”?
India HQ 37 percent, China HQ 15 percent
