Sunday, July 23 2017

June 17, 2017

India is on top positin in remittance receiving nations

Indians living across the world sent home 62.7 billion US dollars last year said UN in a report.Money remittance flows have grown over the last decade from 296 billion in 2007 to 445 billion dollars in 2016.The ‘One Family at a Time’ study by the UN International Fund for Agricultural Development said, about 200 million migrants globally sent more than 445 billion dollars as remittances in 2016 to their families. Remittance has risen at a rate averaging 4.2 per cent annually. As per study 80 per cent of remittances are received by 23 countries, led by India, China, the Philippines, Mexico and Pakistan.