India received $87 billion in remittances in 2021: World Bank

India received $87 billion in remittances in 2021 World Bank

Question: As per World Bank, Which of the following country has became “World’s largest Recipient of Remittances“?
(a) USA
(b) India
(c) Russia
(d) China
Answer: (b)
Related Facts:

  • India, the world’s largest recipient of remittances, received USD 87 billion in 2021 with the United States being the biggest source, accounting for over 20 per cent of these funds, according to the World Bank.
  • India is followed by China, Mexico, the Philippines, and Egypt, the Washington-based global lender said in its report.

BY: AMIT GUPTA

Reference: https://www.business-standard.com/article/economy-policy/india-received-87-billion-in-remittances-in-2021-world-bank-121111800329_1.html