Categories: International

WB Report: India became World’s Largest Recipient of Remittances

According to the latest report by the World Bank titled ‘World Bank’s Remittance Prices Worldwide Database’, India became the world’s largest recipient of remittances by receiving USD 87 billion in 2021. The United States (US) was its biggest source, accounting for over 20% of these funds. India is followed by China, Mexico, the Philippines, and Egypt. In India, remittances are projected to grow 3% in 2022 to USD 89.6 billion.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Important takeaways for all competitive exams:

World Bank Founded: July 1944;
World Bank Headquarters: Washington DC, USA;
World Bank President: David Robert Malpass.

Find More International News

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.