India has retained its position as the top remittances receiving country with its diaspora sending about $69 billion back home in 2017, according to the report of the World Bank. Remittances to India picked up sharply by 9.9% to $69 billion in 2017, reversing the previous year’s dip.
The World Bank said remittance inflows improved in all regions and the top remittance recipients were India with $69 billion, followed by China ($64 billion), the Philippines ($33 billion), Mexico ($31 billion), Nigeria ($22 billion), and Egypt ($20 billion).
Source- The Livemint
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- President of the World Bank- Jim Yong Kim.
- Headquarters of World Bank: Washington, DC.