Remittances to India to decline by 5% in 2016: World Bank
India, the world's largest remittance recipient in 2015, may receive a remittance of USD 65.5 billion this year, a drop of 5 percent, the World Bank has said in a new report citing weak economic growth in remittances-source countries and cyclic low oil prices.
Oct 07, 2016, 15:42 PM IST
Despite $1 billion drop, India retains world's largest remittance recipient country tag in 2015
India retained its top spot in 2015, attracting about USD 69 billion in remittances, down from USD 70 billion in 2014, the World Bank said in its annual report 'Migration and Development Brief'.
Apr 14, 2016, 13:25 PM IST
India to top global remittances with $71 billion this year
India will retain its top spot with USD 71 billion in remittances this year as remittances to developing countries are expected to reach USD 435 billion, an increase of five per cent over 2013, the World Bank has said.
Oct 07, 2014, 09:27 AM IST
