Remittances to India the Highest in 2018

Remittance to India were the highest in 2018, according to the World Bank. The country received $79.5 billion in remittances. The second largest remittance receiving country is China with an inflow of $67.4 billion in remittances.

According to the report, remittances to India increased as a result of strong US economy and better employment opportunities in the country.

Top Remittance Receiving Countries data graph from World Bank
Source: World Bank Migration and Development Brief

According the report, the overall remittance inflows in developing countries has increased and the trend will continue in the coming years. ‘Remittance flows to low- and middle-income countries (LMICs) are expected to reach $528 billion in 2018, an increase of 10.8 percent over 2017′¬†states the¬†report.

Read the complete report here: World Bank Migration and Development Brief 30