India largest remittance-receiving country in the world: Report
Tuesday, May 15, 2018
India was the largest remittance-receiving country in the world, with migrant workers from the country sending home USD 69 billion in 2017, according to a report which said remittances to the Asia-Pacific region amounted to US 256 billion last year. The report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’ said India (USD 69 billion), China (USD 64 billion) and the Philippines (USD 33 billion) are the three largest remittance-receiving countries in the world in 2017. Pakistan (USD 20 billion), and Vietnam (USD 14 billion) are also in the top 10.