World Bank said those living in Pakistan sent USD 4.9 billion to India in 2015. Its Bilateral Remittance Matrix put the money flowing from Pakistan to India in 2014 at USD 4.79 billion and USD 4.67 billion the year before that.
India lead global remittances in the year 2013 with a whopping USD 70 billion in its kitty, of which USD 65 billion were earned from the country's flagship software services exports, the World Bank reported Friday.
Worried over instances of fraudulent withdrawal of PF money, the retirement fund body EPFO has directed its field staff to remain vigilant while processing the claims specially with regard to closed firms.
Remittances to developing countries should swell 6.3 percent this year to USD 414 billion, flowing from workers abroad to their home countries and helping to offset volatile capital outflows, according to World Bank forecasts released on Wednesday.
Remittances to India by expatriates living in the UAE could rise in the days ahead in view of the coming festive season and the fear that the rupee would weaken further against the US dollar, media reports here said.