• India continues to be the world’s largest recipient of remittances and received $87 billion in 2021, according to estimates from the World Bank’s Migration and Development Brief.
• India experienced a substantial 4.6 per cent gain in remittance inflows during 2021, as higher oil prices enabled stronger remittance payments from expatriate workers among the GCC economies, and the dramatic spread of COVID-19 yielded additional financial support from the diaspora.
• India is followed by China, Mexico, the Philippines and Egypt.
• The United States was the largest source country for remittances in 2020, followed by the United Arab Emirates, Saudi Arabia, and Switzerland.
• India experienced a substantial 4.6 per cent gain in remittance inflows during 2021, as higher oil prices enabled stronger remittance payments from expatriate workers among the GCC economies, and the dramatic spread of COVID-19 yielded additional financial support from the diaspora.
• India is followed by China, Mexico, the Philippines and Egypt.
• The United States was the largest source country for remittances in 2020, followed by the United Arab Emirates, Saudi Arabia, and Switzerland.
• India continues to be the world’s largest recipient of remittances and received $87 billion in 2021, according to estimates from the World Bank’s Migration and Development Brief.
• India experienced a substantial 4.6 per cent gain in remittance inflows during 2021, as higher oil prices enabled stronger remittance payments from expatriate workers among the GCC economies, and the dramatic spread of COVID-19 yielded additional financial support from the diaspora.
• India is followed by China, Mexico, the Philippines and Egypt.
• The United States was the largest source country for remittances in 2020, followed by the United Arab Emirates, Saudi Arabia, and Switzerland.
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