World Bank's highest remittances for India

November 21, 2012 11:44
World Bank's highest remittances for India

India has been into the record books again this time in terms of the remittances received by the World Bank. The developing country is expected to gain $70 billion in remittances this year in 2012 being the biggest recipient among several others. The total remittances World Bank is expected to pay out is $406 billion.

China follows India closely while the remittal stands at $66 billion, distantly followed by Mexico and Philippines with $24 billion each, the bank mentioned in a report.

In total the World Bank is expected to pay out $534 in remittances to all the nations, developing and high-income, the new report of the World Bank on Global Migration and remittances mentioned.

Nigeria ($21 billion), Egypt ($18 billion), Bangladesh and Pakistan $14 billion each, Vietnam ($9 billion) and Lebanon ($7 billion) form the other big members on the list of high remittances.

(AW- Anil)

If you enjoyed this Post, Sign up for Newsletter

(And get daily dose of political, entertainment news straight to your inbox)

Rate This Article
(0 votes)