India Tops Global Remittance Charts | Value Of Indians Finally Recognised? | NewsX

Inward remittances to India in 2023 rose 12.3% to $125 billion, accounting for 3.4 % of its gross domestic product, according to estimates released by the World Bank. In 2022, India's inward remittances stood at $111.22 billion. In 2023, India's inward remittance is expected to beat the previous estimates by $14 billion. In its "Migration and development brief". The world bank said that India continues to be the highest recipient of remittances globally, followed by Mexico ($67 billion) and China ($50 billion)...India currently accounts for 66 % of all remittances to south Asia, higher than 63%  in 2022.

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