According to the World Bank's latest Migration and Development Brief, India saw the highest amount of remittance inflows in the world in 2023 at $125 billion. This was driven by several factors: Firstly, declining inflation and strong labor markets in high-income source countries such as the U.S., UK and Singapore...
Remittances to India to Reach $100 Billion Milestone in 2022
According to the World Bank's latest ‘Migration and Development Brief', India is expected to receive $100 billion in remittances this year -- the first time a single country has reached this number. The report noted that remittances to India, the world's biggest recipient, stood at $89.4 billion last year and...
India Highest Recipient of Remittances in 2018
According to a report by the World Bank, India retained its position as the world’s top recipient of remittances with its diaspora sending $79 billion back home in 2018. The latest edition of the World Bank’s Migration and Development Brief reports that India is followed by China ($67 billion), Mexico...