Tuesday
December 19
2023

India Tops Global Remittance Charts at USD $125 Billion in 2023: World Bank Report

The World Bank’s latest Migration and Development Brief reveals a continuing growth in remittance flows to low- and middle-income countries (LMICs) in 2023, albeit at a slower pace compared to previous years.

According to the World Bank, the report highlights India’s significant position as the top remittance recipient, drawing attention to the evolving dynamics in the remittance landscape.

Photo courtesy of Adam Cohn.

Source: Firstpost (link opens in a new window)

Categories
Finance
Tags
employment, migrants, remittances