Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Fri, Feb 22, 2019 | Last Updated 6:25 pm IST

Menu &Sections

Search

India is the highest recipient of remittances

India is the highest recipient of remittances
India is the highest recipient of remittances
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Washington sources reported that as per a statement "Remittance inflows improved in all regions and the top remittance recipients were India with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20 billion)". Meanwhile the remittances to India rose sharply by 9.9% in 2017, reversing the previous year’s sharp decline.



Media reports global remittances are expected grow 4.6% to $642 billion in 2018. As per the World Bank's latest Migration and Development brief the remittances to low and middle-income countries rebounded to a record level in 2017 after two consecutive years of decline.

India is the highest recipient of remittances

Dilip Ratha, lead economist at the World Bank in his blog said “The overall recovery in remittances is better than we expected. It is driven by stronger growth in the European Union, the Russian Federation, and the United States. Moreover the rebound in remittances, when valued in US dollars, was helped by higher oil prices and a strengthening of the euro and ruble".

India is the highest recipient of remittances

India is the highest recipient of remittances
5/ 5 - (1 votes)
Add To Favourite
More from author
Study says Britons have no time for a cup of tea
Indian Women Entrepreneurs are limited access to capital
What products to be used during Summer Season?
Drinking more water during summer season is a must
Pitru Dosh remedies to be followed
From a farmer's son to People's Hero - Dr. Koti Reddy Saripalli
How much do Indian Railways charge for cancellation of tickets?
Augmented analytics, continuous intelligence & AI top trends in data over next 3 to 5 years
Bookings for Hyundai Elantra rival commenced for Rs 31,000
Apply for Probationary Officers post in VCBL
NRI arrested for molesting US Woman in Delhi
Government of Andhra Pradesh signs MoU with Internshala, launches 'Youth for Andhra Program'
History Maker: Kotii Reddy Saripalli - Founder of Kotii group of ventures
#CobraPost - More than 30 Celebs accepted money to promote Political Parties on their Social Media
Women played leading role in Oscar Awards 2019
Anushka Sharma pulls crowd by her look effortlessly
Maintain your beauty this Summer season
Health tips for this Hot Summer
Fasting rules to be followed during Panguni Uthiram
Hearings in Essar Steel insolvency case get over on February 19
Vivo V15 Pro to possess 3 Rear Cameras
Kia Motors taken wraps off of its Soluto sedan
Indian women entrepreneurs to explore international trade opportunities by 2020
Do you know Bollywood latest hangout joint?
Apply for Examiner of Trade Marks by Ministry of Commerce
Is Masood Azhar the Global terrorist in Pulwama attack
IFMR GSB extends application Date till Feb 22, 2019
BIG BREAKING - Supreme court dismisses Vedanta 's plea to reopen #Sterlite plant in Tuticorin
Doing Waxing in your home without pain is simple
Do you eat in Banana leaf which is eco-friendly?
Why Maasi month is so special?
Cryptocurrency - The basics and all you need to know
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional