India retains top remittances position with $80bn sent home

Pedro Gonçalves
India retains top remittances position with $80bn sent home

India has retained its spot as the world's top recipient of remittances this year, with its citizens sending as much as $80bn back home, according to the latest edition of the World Bank's Migration and Development Brief.  The country has registered a substantial flow of remittances in the past three years, increasing from $62.7bn in 2016 to $65.3bn in 2017, when remittances constituted 2.7% of the country's GDP. India is followed by China ($67bn), Mexico and the Philippines ($34bn each...

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