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India - the largest recipient of remittances in 2020
May 16 , 2021
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- India was the largest recipient of remittances in 2020, as per the report, “Migration and Development Brief “
- The report was released by the World Bank.
- India has been the largest recipient of remittances since 2008.
- The top five remittance recipient countries in 2020, in current US dollar terms, were
- India,
- China,
- Mexico,
- the Philippines,
- and Egypt.
- The largest remittance-sending country in 2020 was United States (USD68 billion).
- From India, the Remittances outflow in 2020 was USD 7 billion.
- It was against USD 7.5 billion in 2019.
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