India is the largest recipient of remittances in the world, receiving 69 billion US Dollars in 2012, the World Bank has said. It is followed by China, the Philippines, Mexico and Nigeria and Egypt.
Other large recipients include Pakistan, Bangladesh, Vietnam, and Lebanon.
According to the latest edition of the World Bank’s Migration and Development Brief, officially recorded remittance flows to developing countries grew by 5.3 per cent to reach an estimated 401 billion dollar in 2012.
India tops the world recipient List
April 21, 2013 •