Sunday, 21 November 2010

India To Receive $55 Billion Remittances In 2010

DUBAI – Indian expatriates are expected to remit about $55 billion into the country this year as the number of emigrants from the nation is likely to clock 11.4 million, a new World Bank report said. India is likely to stay as the top receiver of remittances in 2010, as inflows of $51 billion to China keeps it a place down, with Mexico at third spot, expecting $22.6 billion from its overseas population.

The World Bank in its ‘Migration and Remittances Factbook 2011′ report said worldwide inflows are expected to reach $440 billion by the year end, with remittances to developing nations are likely to reach a record $325 billion from the 2009 figure of $307 billion. Read more

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