WB Report: India becomes world’s largest recipient of remittances

WB Report: India becomes world’s largest recipient of remittances

as per latest report world Bank Topic ‘The World Bank’s Remittance Values ​​Worldwide Database’, India becomes world’s largest recipient of remittances USD 87 billion in 2021. United States of America (USA) was its largest source, accounting for over 20% of these funds. India is after China, Mexico, the Philippines and Egypt. In India, remittances are projected to grow by 3% to USD 89.6 billion in 2022.

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Important facts for all competitive exams:

  • Establishment of the World Bank: July 1944;
  • World Bank Headquarters: Washington DC, USA;
  • President of the World Bank: David Robert Malpass.

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WB Report: India becomes the largest recipient of remittances in the world_60.1

WB Report: India becomes the largest recipient of remittances in the world_70.1

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