India became the largest remittances receiving country at $72 billion this year followed by China at $ 64 billion, the World Bank said today.
The US emerged as the largest remittance source country with an estimated $56 billion in outward flows in 2014.
“India was the largest remittance receiving country, with an estimated $72 billion in 2015, followed by China ($64 billion), and the Philippines ($30 billion),” the World Bank said in a report.
In outward flow, the US was followed by Saudi Arabia ($37 billion), and Russia ($33 billion) in 2014, the Bank said in the report.
Noting that the number of international …read more
Source: Daily News & Analysis