Page 5 - Remittances

$118.3 bn received in remittances since 2018-19: Govt to Lok Sabha

According to the data received from Indian missions, there are an estimated 13.62 million Indians abroad

India to retain top position in remittances with $80 bn: World Bank

The Bank estimates that officially-recorded remittances to developing countries will increase by 10.8 per cent to reach $528 billion in 2018

Rupee slump may boost remittances to a record high of $76 billion in 2018

A global emerging-market sell-off that's triggered outflows from Indian bonds and stocks saw the rupee setting a string of fresh lows earlier this month

India receives $69 bn in remittances from its diaspora, retains top spot

Kerala topped the share of remittances (40%) with the number of workers sending money to the state increasing in five years to 2014

India highest recipient of remittances at $69 billion, says World Bank

Global remittances are expected to grow 4.6 per cent to $642 billion in 2018 but longer-term risks to growth of remittances include stricter immigration policies

India receives $235 billion in remittances in three-and-half years

The volume of remittances in the first six months of the current fiscal was $30.43 billion

Remittances to India to decline by 5% in 2016: World Bank

This is attributed mainly due to weak economic growth in remittances-source countries and cyclic low oil prices

Problems for NRIs remitting salary to India

Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts

As India reaps benefits of cheap oil, Gulf remittances take a toll

Low oil prices take a hit on Gulf's economy, forcing it to retrench Indian workforce, which have hit remittances

India world's largest recipient of remittances in 2015: World Bank

This despite a $1 bn drop in remittances from previous year

India was the world's largest remittance recipient in 2015: World Bank

Attracts around $69 billion in remittances in 2015, ahead of China with remittances of $64 billion