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At $120 Billion, India Topped In Remittances In 2023, Says Report
The Daily Guardian
|June 27, 2024
WASHINGTON India received USD 120 billion in remittances in 2023, which is almost twice of USD 66 billion received by Mexico during the same period, the World Bank said in a report released on Wednesday.
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China (USD 50 billion), the Philippines (USD 39 billion), and Pakistan (USD 27 billion) figure in top five countries list of remittances recipients as released by the World Bank, according to which remittances in 2023 after a period of strong growth during 2021-2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023, reaching an estimated USD 656 billion.
This story is from the June 27, 2024 edition of The Daily Guardian.
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