India highest recipient of remittances at $79 billion in 2018

[Khatri_pune]

WASHINGTON: India retained its position as the world's top recipient of remittances with its diaspora sending a whopping $79 billion back home in 2018, the World Bank said in a report on Monday......

With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's migration and development brief.

Over the last three years, India has registered a significant flow of remittances from $62.7 billion in 2016 to $65.3 billion 2017.

"Remittances grew by more than 14 percent in India, where a flooding disaster in Kerala likely boosted the financial help that migrants sent to families," the bank said.


Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Death Professor]

where a flooding disaster in Kerala likely boosted the financial help that migrants sent to families

understandable.

 

[Skull and Bones]

Last year, sold few bitcoins and bought an apartment in my hometown. Does that count?

 

[Chhatrapati]

Last year, sold few bitcoins and bought an apartment in my hometown. Does that count?

If that's a billion dollar apartment.

 

[Viny]

If we go by figures its 10 times the neighbors Forex reserves.
And almost 1/5 of our Forex reserves.

Having said Pakistan makes a lot more via remittances at $20bn.
Going by that number we only make 1/2 of that given our population size.

 

[N.Siddiqui]

If we go by figures its 10 times the neighbors Forex reserves.
And almost 1/5 of our Forex reserves.

Remittances should be compared with similar stats from Pakistan...and it is increasing with new incentives.

Pakistan remittances may hit $22 billion in 2018-19. Pakistan is expected to receive remittances worth a record 22 billion dollars in financial year 2018-19 as the government has offered an incentive package to overseas workers to attract more money through official banking channels.

https://www.khaleejtimes.com/business/economy/Pakistan-remittances-may-hit-$22-billion-in-2018-19-

 

[Skull and Bones]

If that's a billion dollar apartment.

Nope, 45 lakhs for a 1250 sq ft 3 bedroom apartment, pretty decent view from my balcony.

 

[Mav3rick]

Nope, 45 lakhs for a 1250 sq ft 3 bedroom apartment, pretty decent view from my balcony.

3 bedrooms in 1250 sq feet? I feel for you man.

 

[BRAVO_]

Remittances should be compared with similar stats from Pakistan...and it is increasing with new incentives.

Pakistan remittances may hit $22 billion in 2018-19. Pakistan is expected to receive remittances worth a record 22 billion dollars in financial year 2018-19 as the government has offered an incentive package to overseas workers to attract more money through official banking channels.

https://www.khaleejtimes.com/business/economy/Pakistan-remittances-may-hit-$22-billion-in-2018-19-

my friend they are just comparing the total amount, they are not watching the consumption force ahead, india has a population of 135 millions, in compare to pakistan which has just 220 millions, big population big expenses , big issues ........ per person division of remittances will give you an answer india : 0.58 $ .... 1.00 $ pakistan

 

[Skull and Bones]

3 bedrooms in 1250 sq feet? I feel for you man.

No regret in being poor.

 

[Indus Pakistan]

WASHINGTON: India retained its position as the world's top recipient of remittances with its diaspora sending a whopping $79 billion back home in 2018, the World Bank said in a report on Monday......

With this, India has retained its top spot on remittances, according to the latest edition of the World Bank's migration and development brief.

Over the last three years, India has registered a significant flow of remittances from $62.7 billion in 2016 to $65.3 billion 2017.

"Remittances grew by more than 14 percent in India, where a flooding disaster in Kerala likely boosted the financial help that migrants sent to families," the bank said.


Read more at:
http://timesofindia.indiatimes.com/...ofinterest&utm_medium=text&utm_campaign=cppst

Would appreciate it if you could tell us which region is your biggest benefactor. A pie chart would be nice.

 

[war&peace]

Are the call centre scams counted as remittance now?

 

[Indus Pakistan]

pakistan which has just 220 millions

Pakistan's population is 207 million unless you have done separate enumeation from the official census of 2017.

 

[Mamadouso]

If India economy is so strong and growing amazingly why are so many Indian flooding into Gulf, US & Europe so much these days?

 

[Chhatrapati]

Nope, 45 lakhs for a 1250 sq ft 3 bedroom apartment, pretty decent view from my balcony.

Holy Molly. For 45 Lakhs I could build a bungalow in my place.