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 tops Homeward Remittances at $55 billion
According to the World Bank's latest data people of Indian origin living overseas sent in more money back home than people from any other country, for the fourth year in a row. Indians sent home $55 billion in "remittances" which is equivalent to 3.9 percent of its GDP. China used...