With $78 billion, India still highest overseas remittance receiver |

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India continues to retain its position as the world's top recipient of remittances, with its diaspora sending back $78.6 billion in 2018. Considering that India's diaspora is the largest in the world, at 17.5 million (as of mid-2019), this ranking in terms of remittances is not surprising. India's remittances were 14% of the global remittance figure of $689 billion. China was next in line, with remittances of $67.41 billion (which is 5.4% of the global remittance figure).

Even in 2010 and 2015, for which data is available, India was the top recipient of remittances. Remittances during 2010 were $53.48 billion, rising to $68.91 in 2015 - an increase of nearly 29%. The increase in remittance between 2015 and 2018 is 14%. As compared with the remittances in 2010, the latest figure of $78.61 billion shows a rise of nearly 47%. These statistics were disclosed in the World Migration Report 2020, which was released on Wednesday by International Organisation for Migration (IOM), which is United Nations' migration unit.

[bhaigan]

[bhaigan]

NRI's hawa nadusthundi