According to the World Bank report, India tops the list of global remittances.

According to the World Bank report, India tops the list of global remittances.

Daily Current Affairs   /   According to the World Bank report, India tops the list of global remittances.

Change Language English Hindi

Category : Business and economics Published on: December 21 2023

Share on facebook
  • In December 2023, the World Bank released the list of global remittances.
  • The name of this report is 'Migration and Development Brief'.
  • According to this list, India tops the list of global remittances.
  • In the year 2023, 125 billion dollars of money was sent from abroad to India.
  • This is 12.5% more than the year 2022.
  • India's inward remittances contribute to the country's GDP is 3.4 percent.
  • After India, Mexico is at second place in the list of global remittances.
  • $67 billion in remittances were sent to Mexico from abroad.
  • China is in third place with remittances of $50 billion.
  • The growth rate of remittances is highest in Latin America and the Caribbean (8 percent).
  • This is followed by South Asia (7.2 percent).
  • The US, UK, and Singapore account for 36 percent of total remittance inflows into India.
  • The United States remains the largest source of remittances.
Recent Post's

  • The Telangana government launched the Indiramma Family Life Insurance Scheme providing ₹5 lakh coverage to 1.15 crore families starting June 2, 2026.

    Read More....

  • The Prakriti 2026 conference in New Delhi introduced the Indian Carbon Market Portal to streamline carbon trading and climate action.

    Read More....

  • The traditional Kelbai ‘Peth’ Festival is being celebrated in Mulgao, Goa, featuring a sacred ritual journey of the deity to Mayem village.

    Read More....

  • Scientists identified the desert moss Syntrichia caninervis as a potential pioneer for Mars colonization due to its extreme resilience.

    Read More....

  • World Water Day 2026 was observed on March 22 with the theme "Water and Gender" to promote equitable access and management.

    Read More....

  • A new wild kiwi species, Actinidia indica, was discovered by the Botanical Survey of India in the Ziro Valley of Arunachal Pradesh.

    Read More....

  • The Indian government launched the PRARAMBH 2026 campaign to educate citizens about the new Income Tax Act, 2025, effective from April 1.

    Read More....

  • Pakistan ranked first in the Global Terrorism Index 2026 due to rising violence, while India stood at the 13th position.

    Read More....

  • The Madras High Court issued directives for the systematic removal of the invasive plant species Prosopis juliflora to restore Tamil Nadu's ecology.

    Read More....

  • The National Productivity Council (NPC) has been designated as the Environment Audit Designated Agency to monitor industrial compliance.

    Read More....