{"id":103923,"date":"2020-11-09T08:17:00","date_gmt":"2020-11-09T08:17:00","guid":{"rendered":"https:\/\/www.edristi.in\/?p=103923"},"modified":"2020-11-09T08:20:36","modified_gmt":"2020-11-09T08:20:36","slug":"remittances-to-india-2","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/remittances-to-india-2\/","title":{"rendered":"Remittances to India"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question: Remittances to India would decrease in 2020 by &#8212;<\/strong><br>(a)9 %<br>(b)8 %<br>(c)12 %<br>(d)7 %<br><strong>Answer (a)<br>Related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The World Bank has recently(October 2020) said remittances to India would decrease this year by nine percent to USD 76 million.<\/li><li>It is projected to decline fourteen percent by 2021 compared to the pre-COVID-19 levels in 2019.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Reason<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is due to the ongoing coronavirus pandemic and global economic recession.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Top five countries in 2020<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Top five remittance receiver countries are &#8212; China&gt;Mexico&gt;Philippines&gt;Egypt&gt;India.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LMICs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Remittance flows to these countries are projected to fall by 7 percent to USD 508 billion in 2020.<\/li><li>The decline may continue in 2021 by 7.5 percent (USD 470 billion).<\/li><li>LMICs stands for &#8212; Low and middle-income countries.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Region wise decline in remittance<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Region wise decline in remittances are as follows : &#8212;<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Region<\/strong> <strong>&nbsp;<\/strong><\/td><td><strong>Decline in remittance(%)<\/strong> <strong>(2020)<\/strong><\/td><td><strong>Decline in remittance(%)<\/strong> <strong>(2021)<\/strong><\/td><\/tr><tr><td>Europe and Central Asia<\/td><td>16<\/td><td>8<\/td><\/tr><tr><td>East Asia and the Pacific<\/td><td>11<\/td><td>4<\/td><\/tr><tr><td>Middle East and North Africa<\/td><td>8<\/td><td>8<\/td><\/tr><tr><td>Sub-Saharan Africa<\/td><td>9<\/td><td>6<\/td><\/tr><tr><td>South Asia<\/td><td>4<\/td><td>11<\/td><\/tr><tr><td>Latin America and the Caribbean<\/td><td>0.2<\/td><td>8<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\">By &#8212; Pankaj Pandey.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/www.livemint.com\/news\/india\/remittances-to-india-to-drop-by-9-in-2020-world-bank-report-11604022300215.html\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.livemint.com\/news\/india\/remittances-to-india-to-drop-by-9-in-2020-world-bank-report-11604022300215.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Remittances to India would decrease in 2020 by &#8212;(a)9 %(b)8 %(c)12 %(d)7 %Answer (a)Related facts The World Bank has recently(October 2020) said remittances to India would decrease this year by nine percent to USD 76 million. It is projected to decline fourteen percent by 2021 compared to the pre-COVID-19 levels in 2019. Reason It [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":103924,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1137],"tags":[2541],"class_list":["post-103923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mis","tag-miscellaneous-en"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/103923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=103923"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/103923\/revisions"}],"predecessor-version":[{"id":103925,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/103923\/revisions\/103925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/103924"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=103923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=103923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=103923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}