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.

Recent Posts

Kumbhalgarh Fort Recognized as World’s Second Longest Continuous Wall By UNESCO

UNESCO survey has recognized the Kumbhalgarh Fort as the second longest continuous intact wall in…

21 minutes ago

Jaishankar-Rubio Talks Strengthen India-US Strategic Partnership Ahead of Quad Meeting

As US Secretary of State Marco Rubio on his official visit to India he held…

1 hour ago

Gurindervir Singh Becomes Fastest Indian Sprinter with Historic 10.09-Second 100m Run

India's Gurindervir Singh became the fastest ever Indian sprinter as he clocked an incredible 10.09…

2 hours ago

World Thyroid Day 2026 Highlights Rising Global Burden of Thyroid Disorders

On 25th May world observes the World Thyroid Day to raise the awareness about the…

2 hours ago

Rash Behari Bose Birth Anniversary 2026: History, Contributions, and Role in India’s Freedom Struggle

On 25th May, India remembers courageous revolutionary freedom fighter Rash Behari Bose on his birth…

3 hours ago

The Last Dance at FIFA World Cup 2026? Football Icons Who Will Play Last World Cup

As the hype around the 2026 FIFA World Cup is growing day by day and…

1 day ago