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India expected to receive total remittance of $80 bn in 2018

IANS  |  Washington 

is expected to receive a total of $80 billion in 2018, said the latest edition of the World Bank's Migration and Development Brief, released on Saturday.

"Among major recipients, retains its top spot, with remittances expected to total $80 billion this year, followed by ($67 billion), and the ($34 billion each), and ($26 billion)," the brief said.

"As global growth is projected to moderate, future remittances to low and middle-income countries are expected to grow moderately by 4 per cent to reach $549 billion in 2019. Global remittances are expected to grow 3.7 per cent to $715 billion in 2019."

According to the brief, flows rose in all regions and was driven by a stronger and employment situation in the US and a rebound in outward flows from (GCC) countries and the Russian Federation.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, December 09 2018. 00:00 IST
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