TNPSC Thervupettagam

Highest Remittances

April 10 , 2019 2058 days 773 0
  • According to the 2019 edition of the World Bank’s Migration and Development Brief, India retained its position as the world’s top recipient of remittances.
  • Indian diaspora has remitted $79 billion back to the country in 2018.
  • Banks were the most expensive remittance channels, charging an average fee of 11 per cent.

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