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India Leads Global Remittances
May 12 , 2024
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- India has made history by becoming the first country to have the first countries receiving the highest remittances in 2022.
- India’s remittances surged to $111 billion last year, surpassing all other nations.
- India being the top country receiving remittances in 2010, 2015, 2020, and 2022.
- The report highlighted that Mexico, China, the Philippines, and France were the other four nations in the top five remittance recipient countries.
- Southern Asia receives some of the largest inflows of remittances globally since it has a significant number of migrant workers from the region.
- Three countries, India, Pakistan, and Bangladesh, rank among the top ten recipients of international remittances in the world.
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