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India highest recipient of remittances at $79 billion in 2018, says World Bank

09 Apr 2019, 01:14PM ISTSource: TNN

India retained its position as the world's top recipient of remittances. Its diaspora sent a whopping $79 billion back home in 2018, according to the World Bank. India was followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), and Egypt ($29 billion). Over the last three years, India has registered a significant flow of remittances from $62.7 billion in 2016 to $65.3 billion 2017. Remittances to South Asia grew 12 per cent to $131 billion in 2018, outpacing the six per cent growth in 2017.

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