World Bank says India retains top spot in remittances in 2018: Report
- India is positioned as the world’s top recipient of remittances with its diaspora sending USD 79 billion back home in 2018. The remittances in 2018 grew by over 14 percent in India.
- India managed to retain its top spot in remittances by registering a significant flow of remittances from USD 62.7 billion in 2016 to USD 65.3 billion 2017 and to USD 79 billion in 2018, a significant growth over the last three years.
- Natural disasters like Kerala floods likely boosted the financial help that migrants sent to their families.