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Remittances to India News

Remittances to India

07 Oct 2016

Remittances to India to decline by 5% in 2016: World Bank

India, the world's largest remittance recipient in 2015, may receive a remittance of USD 65.5 billion this year, a drop of 5 percent, the World Bank has said in a new report citing weak economic growth in remittances-source countries and cyclic low oil prices.

World's largest recipient of remittances

14 Apr 2016

Despite $1 billion drop, India retains world's largest remittance recipient country tag in 2015

India retained its top spot in 2015, attracting about USD 69 billion in remittances, down from USD 70 billion in 2014, the World Bank said in its annual report 'Migration and Development Brief'.

Global remittances

07 Oct 2014

India to top global remittances with $71 billion this year

India will retain its top spot with USD 71 billion in remittances this year as remittances to developing countries are expected to reach USD 435 billion, an increase of five per cent over 2013, the World Bank has said.

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